Meezan Bank Ltd. profit for 9MFY18 rises 14.65% to Rs. 4.7 billion
MG News | October 25, 2017 at 03:03 PM GMT+05:00
- Meezan Bank Ltd. Net Spread earned for the period increased by 17.48% clocking in at 15.7 billion against last year’s net sales of 13.36 billion
- Bank’s total other income rose by 29.5%, to 5.58 billion
- Bottom line profits reached 4.7 billion up 15% against 4.11 billion last year
- Company’s earnings per share clocked in at 4.7 vs 4.1 during FY ‘16
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net spread earned | 15,700,446 | 13,364,720 | 17.48% |
| Net spread after provisions | 15,432,314 | 13,677,171 | 12.83% |
| Total other income | 5,588,186 | 4,314,104 | 29.53% |
| Total other expenses | 13,222,354 | 11,358,089 | 16.41% |
| Profit before Taxation | 7,798,146 | 6,633,186 | 17.56% |
| Taxation | 3,080,861 | 2,518,806 | 22.31% |
| Profit after taxation | 4,717,285 | 4,114,380 | 14.65% |
| Basic and diluted - EPS | 4.70 | 4.10 | 14.63% |
Company release on Earnings Report can be accessed here.
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