The profit after tax of Askari Bank Limited has increased to Rs 4.217 billion in the nine month period ended September 30, 2017 as compared to Rs 4.187 billion earned in the corresponding period in 2016. The Bank's earning per share increased to Rs 3.35 in the period under review against Rs 3.32 in the same period a year back.
The board of directors of the Bank in its meeting held on Tuesday at Rawalpindi recommended first interim cash dividend for the quarter ended September 30, 2017 at Rs 1.00 per share ie 10 percent.
According to the financial results sent to Pakistan Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 26.962 billion in the first nine months of 2017 as compared to Rs 26.296 billion in the same period in 2016 while mark-up/return/interest expenses decreased to Rs 14.943 billion against Rs 15.345 billion. On quarterly basis, the bank's profit after tax stood at Rs 1.189 billion translating earning per share of Rs 0.94 in the three month period ended September 30, 2017 as compared to PAT of Rs 1.227 billion with EPS of Rs 0.97 in the same period in 2016.