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 highest ever quarterly earnings of Rs26.4bn (EPS of Rs14.8) up 61% YoY and 4% QoQ in 4Q2023. The result came in line with our expectations.</li><li>This takes full year 2023 earnings to Rs84.5bn (EPS of Rs47.2) up 88% YoY, which is also the highest ever in the history of MEBL.</li><li>Alongside the result, bank announced final cash dividend of Rs8/share in 4Q2023, higher than our expectations of Rs5/share. In full year 2023, bank announced total dividend of Rs20/share.</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 highest ever quarterly earnings of Rs26.4bn (EPS of Rs14.8) up 61% YoY and 4% QoQ in 4Q2023. The result came in line with our expectations.This takes full year 2023 earnings to Rs84.5bn (EPS of Rs47.2) up 88% YoY, which is also the highest ever in the history of MEBL.Alongside the result, bank announced final cash dividend of Rs8/share in 4Q2023, higher than our expectations of Rs5/share. In full year 2023, bank announced total dividend of Rs20/share.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): Highest ever earnings and dividend in 2023