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

  • 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.

Posted on: 2017-10-25T13:22:00+05:00