KARACHI: Meezan Bank Ltd posted unconsolidated earnings of Rs45 billion for 2022, up 59 per cent from a year ago, showed a stock notice on Thursday.

The increase in profitability is driven by aggressive growth in the deposit base along with a healthy mix of current accounts, said Insight Securities.

The company also announced a cash dividend of Rs3 per share, taking the full-year pay-out to Rs8.5 per share. Its net profit increased 87pc year-on-year to Rs16.4bn in the October-December quarter alone.

Meanwhile, Engro Corporation Ltd told investors on Thursday its consolidated earnings in the October-December quarter clocked in at Rs15.4bn, up 28pc from a year ago.

Its profit for 2022 was Rs46.1bn, down 12pc from the preceding year.

Along with the result, the company has also announced a final cash dividend of Re1 per share, taking the full-year pay-out to Rs34 apiece.

Published in Dawn, February 17th, 2023