Thursday, May 21, 2009

Punjab National Bank (PNB) Net Profit up in 2009

Punjab National Bank has announced the Audited financial results for the quarter & year ended March 31, 2009. The Bank has posted a net profit of Rs 8655.70 million for the quarter ended March 31, 2009 as compared to Rs 5437.60 million for the quarter ended March 31, 2008. Total Income has increased from Rs 44170.00 million for the quarter ended March 31, 2008 to Rs 60981.40 million for the quarter ended March 31, 2009.

The Bank has posted a net profit of Rs 30908.80 million for the year ended March 31, 2009 as compared to Rs 20487.60 million for the year ended March 31, 2008. Total Income has increased from Rs 162625.80 million for the year ended March 31, 2008 to Rs 222458.50 million for the year ended March 31, 2009.

The Group has posted consolidated net profit of Rs 31970.30 million for the year ended March 31, 2009 as compared to Rs 22030.90 million for the year ended March 31, 2008. Total Income has increased from Rs 166537.20 million for the year ended March 31, 2008 to Rs 226897.30 million for the year ended March 31, 2009.

The stock closed the day at Rs.677.55, down by Rs.14.55 or 2.10%. The stock hit an intraday high of Rs.708 and low of Rs.667.

The total traded quantity was 316293 compared to 2 week average of 436838.

Source: Equity Bulls

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