BR Research

Meezan Bank 1H profits double

Published August 2, 2011 Updated August 2, 2011 12:00am

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MEEZAN BANK LTD
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PL Rs(mn)                             1HCY11    1HCY10      Chg
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Profits earned                          8480      5995      41%
Return on deposit                      (4159)    (3018)     38%
Net spread earned                       4321      2977      45%
Provisioning                            (553)     (474)     17%
Net mark-up income after provisions     3768      2502      51%
Other income                            1147       940      22%
Operating revenues                      5468      3917      40%
Other expenses                         (2933)    (2265)     29%
Profit before taxation                  1982      1178      68%
Profit after taxation                   1382       719      92%
EPS (Rs)                                1.72      0.90
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Source: Company Accounts
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