The profit after tax of Allied Bank Limited has increased to Rs 6.652 billion in the half year period ended June 30, 2012 as compared to Rs 5.032 billion in the corresponding period in 2011. The bank's earning per share increased to Rs 7.03 in the period under review against Rs 5.32 in the same period last year. The board of directors of the company in its meeting held on Thursday declared 15 percent second interim cash dividend ie Rs 1.50 per share for the year ended December 31, 2012.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning reduced to Rs 24.378 billion in the first half of 2012 against Rs 24.572 billion in the same period in 2011. The mark-up/return/interest expenses increased to Rs 14.419 billion against Rs 12.196 billion. The bank's total non-mark-up/interest income increased to Rs 6.861 billion against Rs 3.008 billion while total non-mark-up/interest expenses increased to Rs 7.125 billion against Rs 6.828 billion.
The bank's profit before taxation increased to Rs 9.415 billion in the first half of 2012 against Rs 7.563 billion earned in the same period in 2011. On quarterly basis, the bank's profit after tax increased to Rs 3.608 billion translating earning per share of Rs 3.81 in the quarter ended June 30, 2012 as compared to after tax profit of Rs 2.521 billion with per share earning of Rs 2.66 in the same quarter in 2011.