Allied Bank Limited (ABL) earned Rs 4,076.158 million in the year ended on December 31, 2007 as compared to Rs 4,397.250 earned in the corresponding period in 2006. The bank’s earnings per share stood at Rs 7.57 against previous year’s Rs 8.16.
The board of directors of the bank in its meeting held on Friday recommended cash dividend of Rs 1.50 per share ie 15 percent. The board also recommended to issue bonus shares, by utilising share premium account, in the proportion of one share for every five shares held ie 20 percent.
According to results, the bank’s mark-up/return/interest income increased to Rs 21.201 billion in the year 2007 against Rs 17.215 billion in 2006. The bank’s mark-up/return/interest expenses surged to Rs 10.019 billion against Rs 6.793 billion.
The total non-mark-up/return income of the bank increased to Rs 3.920 billion in this period against Rs 2.449 billion previously while the bank’s total non-mark-up/return expenses stood at Rs 6.434 billion against Rs 5.505 billion. The bank’s profit before tax stood at Rs 5.953 billion in the year 2007 against Rs 6.661 billion in the same period in 2006.
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