KARACHI: Engro Corporation Ltd declared profit-after-tax of Rs2.9 billion for the 2QCY19, translating into earnings per share of Rs4.97, up 51 per cent year-on-year.

The 1HCY19 profitability stood at Rs6.9bn or EPS of Rs11.93, up 13pc YoY.

Along with the results, the company announced cash dividend at Rs8 per share, taking cumulative dividend for 1H2019 to Rs15 per share.

ABL profits fall 14pc

Allied Bank Limited announced 1HCY19 profit-after-tax (PAT) at Rs6.2bn (EPS: Rs5.45), declining 14pc from PAT at Rs7.2bn and EPS at Rs6.33 YoY.

The bank also announced a dividend of Rs2 per share leading to total payout of Rs4 per share for 1HCY19.

For 2QCY19, the company reported EPS of Rs2.75, up 2pc on Quarter-on-Quarter but down 7pc on YoY.

Published in Dawn, August 21st, 2019