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>Bank Alfalah (BAFL) announced its 1Q2024 result today, where the bank recorded consolidated earnings of Rs9.95bn (EPS of Rs6.31), down 8% YoY while up 10% QoQ.</li><li>The result came higher than industry expectations due to provision reversal and higher than expected Foreign Exchange Income.</li><li>Alongside the result, the bank also announced first interim cash dividend of Rs2/share in 1Q2024, as indicated by management in last analyst briefing.</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>

Bank Alfalah (BAFL) announced its 1Q2024 result today, where the bank recorded consolidated earnings of Rs9.95bn (EPS of Rs6.31), down 8% YoY while up 10% QoQ.The result came higher than industry expectations due to provision reversal and higher than expected Foreign Exchange Income.Alongside the result, the bank also announced first interim cash dividend of Rs2/share in 1Q2024, as indicated by management in last analyst briefing.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.

Bank Alfalah (BAFL): 1Q2024 EPS at Rs6.3, up 10% QoQ (Earnings higher than industry expectations)