Karachi, August 16, 2019 (PPI-OT): BAFL and HMB 2QCY19 result previews
Bank Alfalah Ltd (BAFL) is scheduled to announce its 1HCY19 results on August 19, 2019. Our earnings expectations for 2QCY19 stand at Rs2.21/share, reflecting a growth of 41% YoY. This would take the bank’s cumulative 1HCY19E earnings to Rs3.97/share, up 17% YoY.
We expect BAFL to announce first interim cash dividend of Rs1/share.
Habib Metropolitan Bank (HMB) is scheduled to announce its 1HCY19 results on August 22, 2019. We expect bottom-line to report 16% YoY higher earnings at Rs1.52/share, taking 1HCY19E earnings to Rs2.96/share (up 5% YoY).