MCB Bank Ltd. earnings per share for nine months ending 30 September stand at Rs. 16.86

MG News | October 25, 2017 at 01:22 PM GMT+05:00

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MCB Bank Ltd. Net mark-up/interest income for the period clocked in at 31.45 billion decreasing by 6.7% from last year’s net income value of 33.71 billion
Bank’s Total non-mark-up/interest expenses witnessed a significant increase of around 23% during the last reported nine months taking away a total of 21.2 billion from the bottom line
Bottom line profits reached 19.13 billion up 9.8% against 17.42 billion last year
After the approval from Board of Directors, MCB Bank approved a cash dividend of Rs. 4/share at a rate of 40%.
Company’s earnings per share clocked in at 16.86 vs 15.66 during FY ‘16

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Mark-up/interest earned	55,620,211	52,012,146	6.94%
Net mark-up/interest income	31,456,168	33,715,595	-6.70%
Net mark-up/interest income after provisions	33,352,668	34,571,754	-3.53%
Total non-mark-up/interest income	13,856,157	11,858,470	16.85%
Total non-mark-up/interest expenses	21,209,844	17,265,985	22.84%
Profit before Taxation	25,998,981	29,164,239	-10.85%
Taxation	6,860,490	11,737,938	-41.55%
Profit after taxation	19,138,491	17,426,301	9.83%
Basic and Diluted EPS	16.86	15.66	7.66%

Company release on Earnings Report can be accessed here.

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