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The Board of Directors of Bank Al Habib Limited (BAHL) in their meeting held on Wednesday at Karachi, recommended a final cash dividend for the year ended December 31, 2015 at Rs 3.50 per share, ie 35 percent. According to unconsolidated profit and loss account, the bank has earned a profit after tax Rs 7.404 billion in CY15 compared to Rs 6.348 billion in CY14. The bank's Earnings Per Share surged to Rs 6.66 in CY15 as against Rs 5.71 in CY14.
Profit before tax stood at Rs 12.331 billion in last year up from Rs 9.917 billion in the previous year. Markup income after provisions was Rs 22.856 billion and non-markup income Rs 27.367 billion end of CY15. According banks announcement the Annual General Meeting of the bank will be held on March 28, 2016 in Multan.-PR

Copyright Business Recorder, 2016

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