External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Bank Alfalah (BAFL) announced its 4Q2024 result today, where the bank recorded consolidated earnings of Rs4.64bn (EPS of Rs2.94), down 49% YoY and 65% QoQ.</li><li>The result came lower than industry expectations due higher than estimated operating expenses.</li><li>Alongside the result, bank has announced cash dividend of Rs2.5/share taking 2024 dividend to Rs8.5/share. 4Q2024 dividend was also above expectations.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Bank Alfalah (BAFL) announced its 4Q2024 result today, where the bank recorded consolidated earnings of Rs4.64bn (EPS of Rs2.94), down 49% YoY and 65% QoQ.The result came lower than industry expectations due higher than estimated operating expenses.Alongside the result, bank has announced cash dividend of Rs2.5/share taking 2024 dividend to Rs8.5/share. 4Q2024 dividend was also above expectations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank Alfalah (BAFL: 4Q2024 EPS at Rs2.94, down 65% QoQ (Earnings lower than industry expectations)