KARACHI: Meezan Bank Ltd recorded unconsolidated earnings of Rs11.5 billion for July-September, up 65pc on a year-on-year basis. A stock notice on Wednesday said the bank also announced an interim cash dividend of Rs2 per share.

“Strong profitability in Meezan Bank earnings was led by growth in the net spread earned, which grew 83pc year-on-year to Rs32bn in July-September,” said a note by Topline Securities.

Engro Corp income up: Engro Corporation Ltd announced on Wednesday its consolidated earnings for the third quarter of 2022 amounted to Rs8.02bn, up 31pc year-on-year. As for the first nine months of 2022, its earnings declined 33pc annually to Rs15.43bn, a stock notice showed.

The company announced a cash dividend of Rs10 per share for the last three-month period.

Published in Dawn, October 20th, 2022