06 May 2011
Meezan Bank, Pakistan's largest Islamic bank, has reported a 61% growth in its pre-tax profit for the quarter ending March 31, 2011. Meezan earned net profit of PRs586m ($6.9m) with earnings per share of PRs0.73 against a net profit of PRs364m ($4.3m) and EPS of PRs0.45 for the corresponding period in 2010.
The bank ratified the 15% bonus to shareholders it announced at it recent AGM and declared paid up capital of PRs8bn ($94.5m).
Meezan Bank, Pakistan's largest Islamic bank, has reported a 61% growth in its pre-tax profit for the quarter ending March 31, 2011. Meezan earned net profit of PRs586m ($6.9m) with earnings per share of PRs0.73 against a net profit of PRs364m ($4.3m) and EPS of PRs0.45 for the corresponding period in 2010.
The bank ratified the 15% bonus to shareholders it announced at it recent AGM and declared paid up capital of PRs8bn ($94.5m).
© The Islamic Globe 2011
