Categorie: IPO / Secondary Offering
Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
The board of directors of the Bank of Punjab (BoP) approved half-yearly accounts of the Bank for the half year ended June 30, 2008. According to a press release issued by the Bank of Punjab here on Thursday, during the second quarter of the year 2008, BoP's operational income has registered an increase of 37 percent over first quarter of the current year.Accordingly, the profit before provisions and taxes for the second half of year stood at Rs 976 million with a rise of 53 percent over operational profit of the first quarter of the year. After registering an after-tax profit of Rs 466 million for the second quarter of 2008 with an EPS of Rs 0.88, the LPS of Rs 5.85 for first half of the year has now been reduced to Rs 4.97.The Net Interest Margin (NIM) for the second quarter registered a rise of Rs 353 million over the figure of first quarter while overall NIM for the first half of the current year remained higher by Rs 68 million over first half of 2007. Similarly, Non-Interest Mark-up Income (NIMI) for the current half year also registered a rise of Rs 361 million ie 22 percent over second half of 2007.Based on these significant shifts in income stream, during the half year ended June 30, 2008, the BoP earned a pre-provision and pre-tax profit of Rs 2,713 million as against Rs 2,515 million for the half year ended June 30, 2007, registering a rise of 8 percent. At the end of half year, equity of the BoP stood at Rs 1...
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Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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