KARACHI: Meezan Bank Ltd (MEBL) posted a profit-after-tax (PAT) of Rs12.7 billion in the first half of CY21, which was 10 per cent higher than the same period last year.

The earnings per share (EPS) rose to Rs8.91 while the bank announced a 15pc bonus. The net interest income of the bank’s declined by 4pc to Rs31.2bn.

Askari Bank profit falls 17pc

Askari Bank Ltd posted a PAT of Rs4.1bn witnessing a 17pc decline (EPS Rs3.27) in the first half of CY21 compared to the same period of last year due to a heavy provisioning and lower capital gains. No dividend was announced.

Net Interest Income (NII) of the bank stood at Rs15.8bn.

Pakistan Cables returns to profit

Pakistan Cables Ltd reported PAT amounting to Rs554m and EPS at Rs15.56 for the year ended June 30, 2021. These represented a turnaround from loss-after-tax at Rs92m and loss per share at Rs2.58 suffered in 2020. The board announced a final cash dividend of Rs8 per share.

Highnoon income rises 31pc

Highnoon Laboratories Ltd announced consolidated PAT at Rs878m and EPS at Rs23.06 for the six months ended June 30, 2021, representing growth of 31.2pc from PAT at Rs669m and EPS at Rs17.57 for the corresponding six months of 2020.

Published in Dawn, August 13th, 2021

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