PakStox Outlook

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

National Bank of Pakistan (PSX:NBP) reported a loss of Rs 4.3 per share for the 2nd Quarter ending June 2024. See Note Askari Bank Limited (PSX:AKBL) reported an EPS of Rs 3/- for the second quarter ending Ju 2024. NO cash dividend was declared. See Note Askari General Insurance Co Ltd (PSX:AGIC ) reported earnings for the second quarter ending Jun 2024. AGIC earned Rs 2.5 per share for the second quarter and declared an interim cash dividend of Rs 2 per share. See Note

AKBL    Askari Bank Limited In FY 2021 'Investments' of Askari Bank increased over 36% over last year while 'Advances increased just by 20%. Consequently there was 2% decrease in 'Interest Earned' (Revenue). 'Interest Income' however increased by 5.8% due to lower 'Interest Expenses'. 'Provisions and Write offs' increased substantially over last year i.e. 24% of 'Profit before provisions' this year compared to less than 10% last year. Profit before Taxation declined by 11.9%. Download Annual Report FY21