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Financial results of Askari Bank Limited for Quarter ended June 30, 2021

Karachi, Askari Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on August 12, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 1,368,678 and Rs. 1,349,485 with earnings per share 1.09 and 1.07 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Askari Bank Limited was incorporated in Pakistan in 1991, as a Public Limited Company. The commenced operation of the Company on April 01, 1992. The bank is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962.

Askari Bank Limited is listed on Pakistan Stock Exchange, and the shares of the Company are quoted in Pakistan Stock Exchange, with the symbol “AKBL” of the Company.

The total number of shares the company has issued are 1,260,260,180. Earnings per Share in 2020 is 8.57 which was 5.57 in 2019. The Profit after Taxation has increased in 2020 and is 10,800,375,000 whereas it was 7,017,022,000 in 2019.