Jammu & Kashmir Bank Q4 net profit at Rs.452.80 million

Jammu & Kashmir Bank Ltd 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 452.80 million for the quarter ended March 31, 2007 as compared to Rs 227.90 million for the quarter ended March 31, 2006. Total Income has increased from Rs 4936.50 million for the quarter ended March 31, 2006 to Rs 5750.20 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 2744.90 million for the year ended March 31, 2007 as compared to Rs 1768.30 million for the year ended March 31, 2006. Total Income has increased from Rs 18171.00 million for the year ended March 31, 2006 to Rs 20595.40 million for the year ended March 31, 2007.

The stock was trading at Rs.714, down by Rs.0.15 or 0.02%. The stock hit an intraday high of Rs.728.80 and low of Rs.712. The total traded quantity was 15790 compared to 2 week average of 12175.

Source : Equity Bulls

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