Centurion Bank of Punjab Ltd Quarterly Net Profit After Tax at Rs.33.01 Crores

Centurion Bank of Punjab Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted Net Profit of Rs.330.1 million for the quarter ended June 30, 2007 where as the same was at Rs.287.3 million for the quarter ended June 30, 2006. Total Income is Rs.5873.9 million for the quarter ended June 30, 2007 where as the same was at Rs.3484.4 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.0.21 for Quarter ended June 30, 2007 compared to Rs.0.2 reported during Quarter ended June 30, 2006.

Capital Adequacy Ratio in Percent was at 10.97 during quarter ended June 30, 2007 compared to 12.62 during quarter ended June 30, 2006.

Pursuant to the EGM held on September 30, 2006 the Bank has made an application to the Reserve Bank of India for granting an approval for the proposed merger with Lord Krishna Bank which is yet awaited.

The stock closed the day at Rs.40.20, down by Rs.0.60 or 1.47%. The stock hit an intraday high of Rs.42.10 and low of Rs.40. The total traded quantity was 611952 compared to 2 week average of 493627.

Source : Equity Bulls

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