Earnings Report: MCB Bank Ltd. (PSX: MCB) today reported Financial Results for the Three and Six months ended June 30, 2017

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MCB Bank Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Total Net Mark-up/Interest income for the period increased by 60 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 28 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 40% i.e. Rs 4/- per share. This is in addition to the interim dividend already paid at Rs. 4/- per share i.e.40 %. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Net mark-up/interest income/return

36,083,679

36,388,562

-0.84%

Net mark-up/interest income/return after provision

21,410,319

24,016,913

-10.85%

Total Non-markup/interest income

9,678,085

6,058,070

59.76%

Total Non-markup/interest expenses

13,362,823

11,171,305

19.62%

Profit before taxation

17,725,821

18,903,678

-6.23%

Taxation

4,036,245

8,192,693

-50.73%

PAT

13,689,336

10,710,985

27.81%

EPS – Basic & Diluted

12.30

9.62

27.86%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-25T15:27:00+05:00

Data is delayed by 20 minutes

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