KARACHI: MCB Bank posted its 2019 consolidated profit after tax (PAT) of Rs23.87 billion, up 17 per cent year-on-year, with earnings per share (EPS) reached at Rs20.14.
It also announced final cash dividend of Rs5 per share, which was higher than street expectations and bank’s regular payout of Rs4 per share, taking the yearly dividend to Rs17 per share.
A research report of JS Global says that for 4QCY19, earnings remained in line with expectations at Rs6.51 per share, rising by 12pc, as the bank’s Net Interest Income jumped 38pc.
The report also said fee income growth clocked in at 2pc whereas the bank booked provisioning expenses of Rs851mn during 4QCY19.
Published in Dawn, February 5th, 2020
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