MCB announces 10% increase in consolidated earnings during 2022

Canada Global (Web News) According to a statement published to the Pakistan Stock Exchange (PSX), MCB Bank Limited reported consolidated earnings of Rs34.451 billion in 2022, an increase of 10% over the prior year.

For the time period that ended on December 31, 2022, MCB issued an interim cash dividend of 60%, or Rs. 6 per share. The prior intermediate dividend payment of 140%, or Rs. 14, is in addition to this.

According to the bank’s consolidated profit and loss statement for MCB, its profit-before-tax year 2022 climbed by 41.4 percent to Rs75.34 billion from Rs53.27 billion for 2021.

Profit after Tax (PAT), which increased by 10% from Rs31.32 billion during the same period last year, caused Earnings per Share (EPS) to increase to Rs29 from Rs26.31.

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