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

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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.

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