Allahabad Bank Q4 net profit at Rs.125.73 crores, recommends 30% dividend

Allahabad Bank has announced the Audited results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007: The Bank has posted a net profit of Rs 1257.367 million for the quarter ended March 31, 2007 as compared to Rs 1504.968 million for the quarter ended March 31, 2006. Total Income has increased from Rs 11836.135 million for the quarter ended March 31, 2006 to Rs 15192.916 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007: The Bank has posted a net profit of Rs 7501.413 million for the year ended March 31, 2007 as compared to Rs 7061.254 million for the year ended March 31, 2006. Total Income has increased from Rs 42496.981 million for the year ended March 31, 2006 to Rs 52602.649 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007: The Group has posted a net profit of Rs 7587.50 million for the year ended March 31, 2007 as compared to Rs 7154.90 million for the year ended March 31, 2006. Total Income has increased from Rs 42575.00 million for the year ended March 31, 2006 to Rs 52672.10 million for the year ended March 31, 2007.

Further the Bank has informed that, the Board of Directors has recommended the dividend @ 30% on its share capital.

Source : Equity Bulls

Keywords