KARACHI: Meezan Bank Ltd. said on Thursday that its profit-after-tax increased by 91% to an all-time high Rs86.02 billion in 2023 from Rs45.14 billion in 2022.
On a consolidated basis, the largest Islamic bank’s earnings per share for the year were Rs47.66, up from Rs25.1 in 2022. The last cash dividend of Rs. 8 per share was also declared by the board of directors.
PSO loss spikes
The loss-after-tax for Pakistan State Oil increased to Rs10.4 billion in the second quarter of FY24 from Rs2.083 billion during the same time in the previous fiscal year.
In the aforementioned period, net sales increased to Rs962 billion from Rs874 billion.
During 1HFY24, the profit of the state-owned oil firm increased to Rs14.7bn from Rs64m, while net revenues increased to Rs1.92 trillion from Rs1.77tr during the same period in the previous fiscal year.
SOURCE: DAWN NEWS
