ABL posts Rs11.67bn profit


KARACHI: The profit-after-tax of the Allied Bank Limited (ABL) has increased by 15 percent to Rs11.676 billion in 2012 against the profit of Rs10.140 billion during the previous year, the bank said in a statement issued on Wednesday.
The earnings per share of the bank went up to Rs12.34 as compared to Rs10.71 in 2011.

The shareholders of the Allied Bank, at the 67th annual general meeting, which was held on Wednesday, adopted the annual accounts of the bank for 2012 and accorded approval for the payment of final cash dividend at 20 percent, or Rs2, per share.


Courtesy: The News