Bank Al Habib Limited (BAHL) has posted Rs 4.533 billion profit after tax in the year 2011 against Rs 3.602 billion earned in 2010. The bank's earning per share increased to Rs 5.16 in the period under review against Rs 4.10 in the same period a year back.
The board of directors of the bank in its meeting held here on Tuesday recommended a final cash dividend for the year at Rs 2.50 per share ie 25 percent. The board also recommended issuing bonus shares in the proportion of 15 shares for every 100 shares held ie 15 percent.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 36.502 billion in 2011 against Rs 27.475 billion in 2010. The bank's mark-up/return/interest expenses increased to Rs 22.373 billion against Rs 16.678 billion.
The bank's total non-mark-up/interest income increased to Rs 2.593 billion against Rs 2.129 billion while total non-mark-up/interest expenses increased to Rs 7.746 billion against Rs 6.323 billion. The bank's profit before taxation increased to Rs 7.155 billion in 2011 against Rs 5.656 billion in 2010.
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