Earnings Report: MCB Bank Ltd. (PSX: MCB) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 25, 2017 at 03:27 PM GMT+05:00
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.
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