KARACHI, Feb 21: Meezan Bank Limited has earned a profit-after-tax of Rs3.5 billion in 2012 compared to Rs3.4 billion recorded last year, a press release issued on Thursday said.

The earnings per share (EPS) increased to Rs3.88 from Rs3.75 for 2011.

The board recommended issue of 11 per cent Bonus Shares for the year 2012. This declaration together with the earlier cash dividend of 15 per cent paid in August 2012 brings the total payout for the year to 26 per cent (2011: 22.5 per cent) and maintains the Bank’s unbroken payout record since its date of listing on the Karachi Stock Exchange.