Canara Bank Q1 net profit at Rs.240.55 Crores

Canara Bank announced the following Un-Audited results for the quarter ended June 30, 2007.

The Bank has posted a net profit of Rs 2405.50 million for the quarter ended June 30, 2007 as compared to Rs 1909.30 million for the quarter ended June 30, 2006. Total Income has increased from Rs 27554.90 million for the quarter ended June 30, 2006 to Rs 37600.70 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.5.87 for the Quarter ending June 30, 2007 compared to Rs.4.66 for Quarter ending June 30, 2006.

The stock closed the day at Rs.273.15, down by Rs.13.70 or 4.78%. The stock hit an intraday high of Rs.294 and low of Rs.270.30. The total traded quantity was 387513 compared to 2 week average of 104429.

Source : Equity Bulls

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