Allied Bank Limited (ABL) has posted a record profit of Rs 7.574 billion during 2006 and declared 25 percent cash and 20 percent bonus share. According to ABL announcement on Thursday, 61st annual general meeting held on March 29, at Lahore, adopted the annual accounts of the Bank for the year ending December 31, 2006.
The meeting gave approval to the issuance of bonus shares @ 20 percent by utilising share premium account in the proportion of twenty shares for every 100 shares held.