Public Bank announce 2Q FY2008 Report

Public Bank has just announced its Financial Year 2008 Second Quarter financial report.

These are the few key points about its performance:
- Group’s pre-tax profit for the financial half year ended 30 Jun 08 of RM1,762.2 million is 25.2% higher than the previous corresponding half year.
- Net profit attributable to equity holders improved by 31.0%
- Group’s domestic bank, Public Bank, recorded a pre-tax profit of RM1525.5 million for the financial half year ended 30 Jun 08 and was 20.3% higher than previous corresponding half year.
- Pre-tax profit contribution from overseas operations increased by 16.8% to RM202.7 million.
- For the single 2nd quarter, the group registered a pre-tax profit of RM791.6 million, 8.0% higher than previous corresponding quarter.
- Its gross non-performing loan (NPL) decreasing by 21.9% to RM1.22 billion and Group’s net NPL ratio improved to 0.9% from 1.5% over the same period.
- EPS for 2nd quarter and financial half year is 17.69 cent and 39.08 cent respectively.
- Net assets per share is RM2.7921.

Public Bank has announced an interim dividend of 30% less 26% tax, which is 30 cent per share.