Meezan Bank Limited (MEBL) - Financial results for the First quarter ended March 31, 2024.
Cash Divided: Rs 7/- per share.
EPS: Rs. 14.1 (last year it was Rs. 8.6 in the same quarter)
A substantial increase in net profit (+65%) in the topline, together with ‘fee and commission income’ (+40%), increased the ‘Profit before credit loss allowance / provisions’ by 76% from Rs 29.9 billion in the first quarter of last year to Rs. 52.7 billion in the first quarter of this year.
Today MEBL closed at Rs.219 losing Rs. 10.6 down 4.61%. Year to date MEBL has risen close to 36%.
Meezan Bank Limited, founded in Pakistan in 1997, is a public limited company offering Islamic commercial banking services since 2002. They provide a variety of services including corporate, commercial, consumer, investment, and retail banking.
See its impressive 5 years chart.
