Allied Bank posts meager growth in profits

KARACHI: Allied Bank Limited (ABL) has declared a final cash dividend of Rs2.0/share for the year ended December 31, 2018, as the company’s earnings per share (EPS) inched up 2.3 percent to Rs11.38.

Allied Bank already paid interim dividend of Rs6.0/share. The bank posted a net profit of Rs13.03 billion for the year, up 0.82 percent compared with the profit of Rs12.925 billion translating into EPS of Rs11.12, previous year.

Allied Bank posted net interest income of Rs32.11 billion in 2018, up 1.7 percent as against interest income of Rs31.58 billion in 2017. On the other hand, total non-interest income in 2018 clocked in at Rs11.88 billion, up 27 percent compared with Rs9.349 billion earned in 2017. [the_ad id=”31605″]

 

 

 

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