Lahore: Allied Bank Limited disclosed robust financial results for the first half of the year ending June 30, 2024, during a board meeting held on August 21, 2024. The directors recommended a substantial interim cash dividend of Rs. 4.00 per share, equivalent to 40%, matching the earlier dividend payment for the same period.

According to information available from the Pakistan Stock Exchange (PSX), this dividend will be payable to shareholders registered at the close of business on September 2, 2024. The bank's share transfer books will remain closed from September 3 to September 5, 2024, to facilitate this payment.

In financial specifics, Allied Bank reported an un-audited net mark-up/interest income of 58.48 billion rupees for the half-year, a substantial increase from the 50.90 billion rupees recorded the previous year. The consolidated accounts similarly reflected strong performance with a net mark-up/interest income of 58.52 billion rupees.

The bank's non-mark-up/interest income also saw significant gains, with total income reaching 71.85 billion rupees. The profit after taxation stood at 23.64 billion rupees, translating into a basic and diluted earnings per share of 20.65 rupees, up from 15.23 rupees last year.

The designated market category for this news is banking and financial services. Allied Bank's financial health is clearly robust, reflected both in its earnings and its ability to return substantial value to its shareholders through dividends.