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.