KARACHI: Allied Bank earned a
profit-after-tax of Rs14.43 billion in 2016, showing a decline of 5 per cent on
a year-on-year basis.
The bank also announced a final cash dividend of Rs1.75 per
share, taking the total payout for 2016 to Rs7.25 per share. Earnings per share
for the year were Rs12.6.
“ABL’s 2016 net interest income declined 8pc. However, reversal
under provisioning expenses and 15pc year-on-year higher non-core income
restricted the decline in the bottom line,” said a report by JS Research.
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