External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Cross Asset Strategy

<ul><li>KSE 100 index companies posted the earnings of Rs403bn down 14% YoY in 1QFY25 vs Rs468bn in 1QFY24, while up 16% on QoQ basis. In US$ terms, profitability recorded at US$1.4bn in1QFY25.</li><li>This YoY deviation in earnings is majorly contributed to by E&amp;Ps (-21% YoY), Food (-15% YoY), and Refinery which turned into losses of Rs5.3bn in 1QFY25 from profit of Rs12.7bn in 1QFY24.</li><li>Banking sector's earnings remained flat on YoY basis to Rs156bn (39% of the total KSE-100 index profitability) in 1QFY25 despite decline in interest rates.</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>

KSE 100 index companies posted the earnings of Rs403bn down 14% YoY in 1QFY25 vs Rs468bn in 1QFY24, while up 16% on QoQ basis. In US$ terms, profitability recorded at US$1.4bn in1QFY25.This YoY deviation in earnings is majorly contributed to by E&amp;Ps (-21% YoY), Food (-15% YoY), and Refinery which turned into losses of Rs5.3bn in 1QFY25 from profit of Rs12.7bn in 1QFY24.Banking sector's earnings remained flat on YoY basis to Rs156bn (39% of the total KSE-100 index profitability) in 1QFY25 despite decline in interest rates.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.

Pakistan Strategy: Corporate Profitability in 1QFY25; Earnings Down 14% YoY