Meezan Bank (MEBL): Highest ever earnings and dividend in 2023 – By Topline Research
- Meezan Bank (MEBL):
- 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.
