Meezan Bank Ltd. profit for 9MFY18 rises 14.65% to Rs. 4.7 billion

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By MG News | October 25, 2017 at 03:03 PM GMT+05:00

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  • 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
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

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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