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In the research note, MCB profits up; confidence low published on August 6, 2010 calculation of net mark up income and net mark up income after provisioning was erroneously miscalculated in the table.
The correct numbers under those heads are Rs17,697 million for the year ending June 2010 and Rs18,084 million for the previous year. Similarly, the correct net mark up income after provisioning for the year ending June 2010 is Rs15,642 million and Rs14,080 million for the previous year.
The error is deeply regretted.
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