KARACHI: Meezan Bank Ltd reported an unconsolidated profit of Rs7.9 billion for April-June, up 22 per cent from a year ago.

A regulatory filing showed on Thursday the company also declared a cash dividend of Rs1.75 per share and a 10pc bonus shares entitlement.

“A significant increase in net spreads earned and other income remained the key highlights of the quarter,” said Insight Securities in a note to investors.

Engro Polymer income falls

Engro Polymer and Chemicals (EPCL) said on Thursday the company registered earnings of Rs2.3bn in April-June, down 25.1pc from a year ago.

Net income dropped 50pc from the preceding quarter, a stock filing showed. The result came with a dividend of Rs2.5 per share, which took the half-yearly payout to Rs7.50 per share.

Published in Dawn, August 12th, 2022

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