Allied Bank Ltd. announced Financial Results for the ended June 30, 2017.
The company’s Total non mark-up/interest income for the period decreased by 35 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 25 percent.
The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 17.50% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 1.75/- per share i.e. 17.50%. The board issued no bonus or right shares.
Comparison of Key Financials:
|
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
|
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
|
Net mark-up/ interest income after provisions |
16,997,982 |
17,461,567 |
-3% |
|
Total non mark-up/interest income |
4,403,570 |
6,790,130 |
-35% |
|
Total nonmarket-up/interest expenses |
10,132,246 |
9,726,562 |
4% |
|
Profit before taxation |
11,269,306 |
14,705,135 |
-23% |
|
Taxation |
4,795,221 |
6,103,695 |
-21% |
|
PAT |
6,474,085 |
8,601,440 |
-25% |
|
Unappropriated profit brought forward |
46,490,244 |
41,415,882 |
12% |
|
Profit available for appropriation |
48,337,278 |
45,222,326 |
7% |
|
EPS – Basic and diluted |
5.65 |
7.51 |
-25% |
Amounts in PKR ‘000
The complete statements can be accessed here.
