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 forthe 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.
