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 30th 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.
