KARACHI: The MCB Bank posted the highest-ever quarterly profit before tax of Rs9.7 billion as compared to Rs9.4bn reported in the preceding quarter.

The growth in profit is 7 per cent, which was contributed by 12pc increase in net markup income.

The interest expense registered an increase of Rs4.7bn over corresponding period last year.

On the non-mark-up income front, the bank registered significant contributions from fee income, dividend income, income from dealing in foreign currencies and other income.

The administrative expense base (excluding pension fund reversal) recorded an increase of approximately 11pc which consummates with increased operational and infrastructural outreach.

Earnings per share (EPS) for the period came to Rs16.28 as compared to Rs15.44 for 2013. MCB reported return on assets of 2.87pc, whereas return on equity was reported at 23.93pc.

The board of directors declared third interim cash dividend of Rs3.5 per share for the period ended Sept 30 which is in addition to Rs6.5 per share interim dividends already paid to shareholders.

Published in Dawn, October 22nd, 2014

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...