Monday, April 18, 2011

#Flash* Public Bank 1Q earnings up 21pct to RM828m from RM685m yr ago

KUALA LUMPUR: PUBLIC BANK BHD [] posted a strong set of earnings in the first quarter ended March 31, 2011, with net profit at RM828 million, up a strong 21% from RM685 million a year ago.

It said on Monday, April 18 the group's quarterly pre-tax profit continued to surpass the RM1 billion mark, with pre-tax profit of RM1.10 billion, up 19% from a year ago.

'The Public Bank Group achieved earnings per share of 23.6 sen for the first quarter of 2011 and an annualised net return on equity of 26.4%,' it said.

Its domestic loan base grew healthily by 3.6% in the first quarter of 2011 as compared to the domestic banking industry's loan growth of 1.7% in the first two months of 2011.

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