MCB declares 30 pc dividend

KARACHI: MCB Bank has posted a higher profit after tax of Rs5.023 billion for the quarter ending March 31, 2011 and declared a cash dividend of Rs3 per share.

According to financial results despatched to KSE here Tuesday, the pre-tax profit of the bank also surged to Rs7.836 billion during the period under review compared to Rs6.251 billion in same period last year.

The earning per share also jumped to Rs6.61 in March 2011 as against Rs5.45 in March 2010.