Karachi February 16 2023: Meezan Bank Limited, the Premier Islamic Bank, reported profitability growth of 58 percent in 2022, according to bank filing to the Pakistan Stock Exchange.
Share price of the bank increased PKR 2.30 or 2.5 percent to trade at PKR 94.7 at Pakistan Stock Exchange at PST 13:25.
The Board has approved interim cash dividend of PKR 3.0 per share (30%) for the fourth quarter. This brings the total cash dividend payout for the calendar year 2022 to PKR 8.50 (85%) per share along with 10% bonus shares.
The Bank’s profit after tax increased to PKR 45.1 billion compared to PKR 28.5 billion in the corresponding period last year, reflecting a 58 percent growth.
