Bank AL Habib declares Rs 8.119 billion profit after tax

Bank AL Habib Limited yesterday announced its annual results for 2016 with profit after tax of Rs 8.119 billion, showing growth of 9.6 percent over 2015. Earnings per share rose from Rs 6.66 to Rs 7.31 over the same period. Profit before tax rose by 6.8 percent to Rs 13.164 billion. Bank also declared a dividend of 35 percent (Rs 3.5 per share) with its annual result.
Bank AL Habib has completed 25 years of its operations in 2016 and is currently operating with 600 plus branches across Pakistan including 3 Overseas Branches in Bahrain, Malaysia and Seychelles and 3 Representative Offices in Dubai, Istanbul and Beijing.
Bank AL Habib was also selected for the Top 25 Companies Award by Pakistan Stock Exchange for the year 2015.-PR