Dena Bank Q1 net profit trebles to Rs.55.58 Crores

Dena Bank has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.555.8 million for the quarter ended June 30, 2007 where as the same was at Rs.184.9 million for the quarter ended June 30, 2006. Total Income is Rs.7024.2 million for the quarter ended June 30, 2007 where as the same was at Rs.5468.7 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.1.94 for Quarter ended June 30, 2007 compared to Rs.0.64 reported during Quarter ended June 30, 2006.

The Capital Adequacy Ratio of the bank stood at 11.9% during quarter ended June 30, 2007 as compared to 10.46% during quarter ended June 30, 2006.

The working results for the quarter ended June 30, 2007, have been arrived at after considering provision for NPAs & Standard Assets, terminal benefits to employees, diminution in the value of investments, income tax, deferred tax, fringe benefit tax and other contingencies etc on estimated basis.

Source : Equity Bulls

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