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 2Q2024 result today, where the bank recorded highest ever quarterly earnings of Rs26.7bn (EPS of Rs14.88), which is up 55% YoY and 5% QoQ. The result came in line with industry expectations.</li><li>This takes 1H2024 earnings to Rs51.8bn (EPS Rs28.9) up 59% YoY.</li><li>Alongside the result, the bank also announced second interim cash dividend of Rs7.0/share in 2Q2024, taking 1H2024 dividend to Rs14.0/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 its 2Q2024 result today, where the bank recorded highest ever quarterly earnings of Rs26.7bn (EPS of Rs14.88), which is up 55% YoY and 5% QoQ. The result came in line with industry expectations.This takes 1H2024 earnings to Rs51.8bn (EPS Rs28.9) up 59% YoY.Alongside the result, the bank also announced second interim cash dividend of Rs7.0/share in 2Q2024, taking 1H2024 dividend to Rs14.0/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) - Recorded highest ever quarterly earnings in 2Q2024