Skip to main content

Askari Bank Q4 Earnings Update | growth persists in Banking

For the latest quarter, Q4, ending Dec2024, Askari Bank (PSX:AKBL) posted a profit of Rs. 5.1 per share. It also declared a cash dividend of Rs. 3 per share. This brings the net income of AKBL to a total of Rs. 14.8 per share for the last four quarters. While in the last 4 quarters, the total cash distribution was Rs. 3 per share.

The cumulative net income of the last four quarters stands at 2% higher compared to the cumulative total of the prior four quarters.

 As of the week ending 21 Feb 2025, AKBL overperformed the KSE100 by 25% over the past 3 months. And over the past 1 year, AKBL overperformed the KSE100 by 12%.

https://dps.psx.com.pk/download/document/248061.pdf



Popular posts from this blog

 A Snapshot of Exchange Traded Funds at PSX

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.

IPO: Secure Logistics Group Ltd

Offered by Book Building Method at a Floor Price of PKR 12.00/- per share A Brief Note on on Initial Public Offering (IPO) of Secure Logistics Group Ltd, [formerly Asia Capital Partners (Private) Limited] (the "Company" or "SLG"). PRINCIPAL PURPOSE OF THE EQUITY CAPITAL RAISING: The purpose of offering is primarily to build equity base and retire some debt in high interest rate environment.