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

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.

Posted on: 2017-08-17T12:05:00+05:00