PakStox Outlook

Meezan Bank - MEBL : In Q3 Sep2024 earned a net income of Rs. 14.4 per share and declared a cash dividend of Rs. 7 per share. This brings the total net income for the last four quarters to Rs. 58.1 per share, with a total cash payout of Rs. 29 per share. The profit after tax in the current quarter is 2% lower compared to the average PAT of the previous three quarters. Effective tax rate in this quarter was 55%. The higher taxation has offset the top line growth. See MEBL Earning Release Pakistan Oilfields - POL , in Q1 Sep2024, earned a net income of Rs. 2.568 billion (Rs. 9 per share). This brings the total net income for the last four quarters to Rs. 112.8 per share, with a total cash payout of Rs. 95 per share. Compared tpo same quarter last year; Revenue declined by 7%. Gross profit declined by 16%. Profit before tax declined by 69%. Profit after tax declined by 74%. The major hit to the profitability in this qaureter was exploration cost of Rs. 7.7 billion. Other income ...

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. Download announcement of MEBL.