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Habib Metropolitan Bank (PSX:HMB) in its latest quarter (Q2 June 2024), reported a net income of Rs. 5.3 per share and declared a cash dividend of Rs. 2.5 per share. 

Over the last four quarters, HMB earned a cumulative net income of Rs. 23 per share, while distributing a total cash dividend of Rs. 10.5 per share. However, the company's net income for the last four quarters was 1.9% lower than the total net income from the preceding four quarters. The effective tax rate for the latest quarter stood at 47% compared to 51% in the same quarter last year.

Currently, HMB is trading at a price-to-earnings ratio of 3, offering a dividend yield of 15%. The stock has gained over 32% in last six months.

The bank has a 1.34% exposure in the KSE100 Index, with no exposure in the KSE30 or KMI30 indices.

Download Earning release Q2 Jun 2024.






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