Stocks Observer. com

KARACHI: GlaxoSmithKline Pakistan has declared a final cash dividend of Rs7 per share as its profit after tax rose to Rs1.955 billion during the year ending December 2008. According to financial results of the pharmaceutical company despatched to the Karachi Stock Exchange on Monday, its pre-tax profit soared to Rs3.001bn during the period under review. .

KARACHI: Askari Bank’s profit after tax has drastically fallen to Rs386.225 million in the year 2008 against last year’s Rs2.681 billion. The bank has declared 25 per cent bonus share. According to financial results of the bank dispatched to Karachi Stock Exchange here on Monday, pre-tax profit also dropped to Rs461.382 million for the period ending December 2008.