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Meezan Bank profit jumps 22pc

Meezan Bank Ltd recorded an unconsolidated profit of Rs7.9 billion for April-June, up 22 percent from a year back.

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A regulatory filing demonstrated on Thursday the company also declared a cash dividend of Rs1.75 per share and a 10pc bonus shares entitlement.

“A significant increase in net spreads earned and other income remained the key highlights of the quarter,” said Insight Securities in a note to investors.

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Engro Polymer income falls

Engro Polymer and Chemicals (EPCL) said the company registered earnings of Rs2.3bn in April-June, down 25.1pc from a year ago, on Thursday.

A stock filing showed net earnings dropped 50pc from the preceding quarter. The outcome came with a dividend of Rs2.5 per share, which took the half-yearly payout to Rs7.50 per share.

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