KUALA LUMPUR: Shares of PUBLIC BANK BHD [] were traded higher in the afternoon session on Monday, April 18 after it announced that earnings rose 21% to RM828 million in the first quarter ended March 31, 2011 from RM685 million a year ago.
At 3.07pm, it was up six sen to RM13.10.
There were 1.06 million shares done at prices ranging from RM3.08 to RM13.14.
Public Bank's stronger earnings were underpinned by strong growth in net interest and finance income, higher non-interest income whilst loan impairment allowance charges remained stable.
The group's quarterly pre-tax profit was 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%.
At 3.07pm, it was up six sen to RM13.10.
There were 1.06 million shares done at prices ranging from RM3.08 to RM13.14.
Public Bank's stronger earnings were underpinned by strong growth in net interest and finance income, higher non-interest income whilst loan impairment allowance charges remained stable.
The group's quarterly pre-tax profit was 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%.
No comments:
Post a Comment