Union Bank of India Q1 net profit at Rs.225.10 Crores

Union Bank of India has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Bank has posted a net profit of Rs 2251.00 million for the quarter ended June 30, 2007 as compared to Rs 1668.10 million for the quarter ended June 30, 2006. Total Income has increased from Rs 17914.40 million for the quarter ended June 30, 2006 to Rs 22894.80 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.4.46 for the Quarter ending June 30, 2007 compared to Rs.3.3 for Quarter ending June 30, 2006.

The stock was trading at Rs.155.70, up by Rs.7 or 4.71%. The stock hit an intraday high of Rs.158 and low of Rs.147.10. The total traded quantity was 834638 compared to 2 week average of 567850.

Source : Equity Bulls

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