Federal Bank Q1 net profit rises to Rs.66.94 Crores

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

The Bank has posted a net profit of Rs 669.40 million for the quarter ended June 30, 2007 as compared to Rs 401.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4625.20 million for the quarter ended June 30, 2006 to Rs 6597.00 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.7.82 for the quarter ended June 30, 2007 compared to Rs.4.69 during quarter ended June 30, 2006.

The stock closed on Friday at Rs.332.75, up by Rs.6 or 1.84%. The total traded quantity was 394422 compared to 2 week average of 78590. The stock hit an intraday high of Rs.341.15 and low of Rs.319.

Source : Equity Bulls

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