Meezan bank announces results for the year 2019.
Meezan Bank continued its growth momentum and recorded excellent results for the year ended December 31, 2019. The Board has approved 20% final cash dividend (Rs. 2.00 per share) for the fourth quarter of 2019 bringing the total dividend payout for the year to Rs. 5.00 per share (50%) as Rs. 3.00 per share i.e. 30% interim cash dividend was paid along with issuance of 10% bonus shares during the year.
The Bank has earned Profit after tax of Rs. 15,232 million against Rs. 8,962 million recorded last year - a growth of 70%. The Bank's Earnings Per Share on enhanced capital increased to Rs. 11.84 per share from Rs. 6.97 in December 2018.
We are pleased to also announce that an amount of Rs. 200 Million from the profits of financial year 2019 will be...
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