Karachi: MCB Investment Management Limited, in a board meeting on February 04, 2025, announced an interim cash dividend of Rs 3.50 per share, reflecting a 35 percent payout for the half-year ended December 31, 2024. According to the company's financial results, the decision was made to benefit shareholders whose names appear in the register of members as of February 17, 2025.

The meeting, held both in person at Adamjee House, Karachi, and via video link, saw the board deciding against issuing any bonus or right shares. The register of members will remain closed from February 18 to February 20, 2025, to finalize the dividend distribution.

MCB Investment Management Limited reported significant growth in assets, with total assets reaching 4.15 billion, up from 3.27 billion as of June 30, 2024. The company's non-current assets showed a slight increase, while current assets witnessed a substantial rise from 1.04 billion to 1.84 billion.

The company's equity also grew markedly, with total equity at 2.69 billion compared to 1.95 billion six months earlier. This increase is supported by a surge in reserves, indicating strong financial health and a robust capital base.

For the half-year period, the company posted revenue of 2.26 billion, a significant rise from 855.34 million in the previous year. This strong performance is attributed to increased management and investment advisory fees totaling 2.06 billion. The company also recorded gains from the sale of investments, government securities, and other financial activities.

According to information available from the Pakistan Stock Exchange (PSX), MCB Investment Management Limited achieved a profit before tax of 1.37 billion for the half-year, compared to 682.29 million in the same period last year. After accounting for taxation, the net profit stood at 920.40 million, up from 487.69 million, illustrating robust profitability and efficient cost management.

Administrative and selling expenses rose to 1.25 billion, up from 478.14 million, reflecting the company's growth and expanded operations. However, the increase in expenses was offset by a rise in revenue, resulting in a solid earnings per share of Rs 12.78 for the half-year ended December 31, 2024.

The comprehensive financial results will be conveyed through PUCARS within the specified timeframe, ensuring stakeholders are well-informed of the company’s financial standing and strategic direction.