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Stock Report
Corporation Bank Q1 net profit at Rs.177.10 Crores, up 22.78%
Posted On : 2007-07-15 10:16:21( TIMEZONE : IST )
Corporation Bank has announced the unaudited financial results for the quarter ended June 30, 2007. The Bank has posted a net profit of Rs 1771.10 million for the quarter ended June 30, 2007 as compared to Rs 1442.40 million for the quarter ended June 30, 2006.
Total Income has increased from Rs 8951.10 million for the quarter ended June 30, 2006 to Rs 12388.30 million for the quarter ended June 30, 2007.
The Bank has reported an Earnings Per Share (EPS) of Rs.12.35 in Q1 2007-2008 against Rs.10.06 in the same quarter last year. The Capital Adequacy Ratio in Percent was at 13.3 during Q1 2007-2008 compared to 13.91% in same quarter last year.
The stock closed on Friday at Rs.360.10, up by Rs.4.10 or 1.15%. The total traded quantity was 41286 compared to 2 week average of 39034. The stock hit an intraday high of Rs.366 and low of Rs.355.
