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>Meezan Bank (MEBL) announced 1Q2024 unconsolidated earnings of Rs25.4bn (EPS of Rs14.18), which is up 65% YoY. The result came in line with industry expectations.</li><li>Alongside result, bank also announced a first interim cash dividend of Rs7/share.</li><li>This strong profitability was led by growth in Net spread earned which grew by 65% YoY to Rs68bn in 1Q2024.</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>

Meezan Bank (MEBL) announced 1Q2024 unconsolidated earnings of Rs25.4bn (EPS of Rs14.18), which is up 65% YoY. The result came in line with industry expectations.Alongside result, bank also announced a first interim cash dividend of Rs7/share.This strong profitability was led by growth in Net spread earned which grew by 65% YoY to Rs68bn in 1Q2024.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.

Meezan Bank (MEBL): 1Q2024 EPS at Rs14.2, up 65% YoY (result in-line with industry expectations)