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 its 3Q2024 result today, where the bank recorded earnings of Rs25.8bn (EPS of Rs14.4), which is up 1% YoY while down 3% QoQ. This takes 9M2024 earnings to Rs77.5bn (EPS Rs43.3) up 34% YoY.</li><li>Alongside the result, the bank also announced third interim cash dividend of Rs7.0/share in 3Q2024, taking 9M2024 dividend to Rs21.0/share.</li><li>The 3Q2024 result came slightly lower than industry expectations due to higher provision and tax expense.</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 its 3Q2024 result today, where the bank recorded earnings of Rs25.8bn (EPS of Rs14.4), which is up 1% YoY while down 3% QoQ. This takes 9M2024 earnings to Rs77.5bn (EPS Rs43.3) up 34% YoY.Alongside the result, the bank also announced third interim cash dividend of Rs7.0/share in 3Q2024, taking 9M2024 dividend to Rs21.0/share.The 3Q2024 result came slightly lower than industry expectations due to higher provision and tax expense.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): 3Q2024 EPS at Rs14.4, up 1% YoY and down 3% QoQ