The profit after tax of Allied Bank Limited (ABL) has increased to Rs 3.620 billion in the half year period ended June 30, 2010 as compared to Rs 3.060 billion earned in the corresponding period in 2009. The bank's earning per share increased to Rs 4.63 in the period under review against Rs 3.91 in the same period a year back.
The board of directors of the bank in its meeting held on Thursday at Lahore declared interim cash dividend at Rs 2.00 per share ie 20 percent for the year ending December 31, 2010. According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earning increased to Rs 21.847 billion against Rs 20.000 billion while mark-up/return/interest expenses declined to Rs 11.267 billion against Rs 11.312 billion.
The bank's total non-mark-up/interest income declined to Rs 2.620 billion against Rs 3.363 billion while the non-mark-up/interest expenses increased to Rs 5.5 billion against Rs 4.9 billion. The bank's profit before taxation increased to Rs 5.518 billion in the half-year period in 2010 against Rs 4.626 billion in the same period in 2009.