Corporate Alert: Allied Bank Ltd. declares a Dividend of Rs. 1.75/- per share and reports an EPS of 5.65 for the period ended June 30, 2017

By MG News | August 17, 2017 at 12:05 PM GMT+05:00

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Allied Bank Ltd. announced Financial Results for the ended June 30, 2017.

The company’s Total non mark-up/interest income for the period decreased by 35 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 25 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 17.50% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 1.75/- per share i.e. 17.50%. The board issued no bonus or right shares.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account - For the Six Months Ended
Key Financials	Jan - June, 2017	Jan - Jun, 2016	% Change
Net mark-up/ interest income after provisions	16,997,982	17,461,567	-3%
Total non mark-up/interest income	4,403,570	6,790,130	-35%
Total nonmarket-up/interest expenses	10,132,246	9,726,562	4%
Profit before taxation	11,269,306	14,705,135	-23%
Taxation	4,795,221	6,103,695	-21%
PAT	6,474,085	8,601,440	-25%
Unappropriated profit brought forward	46,490,244	41,415,882	12%
Profit available for appropriation	48,337,278	45,222,326	7%
EPS - Basic and diluted	5.65	7.51	-25%

Amounts in PKR ‘000

The complete statements can be accessed here.

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