Public Bank, PBBANK (Stock Quote 1295) has announced the 3rd quarter financial report for financial year 2008. These are the few key points of the report:
· The Group’s pre-tax profit for the nine months ended 30 Sep 2008 of RM2,566.2 million was RM383.3 million or 17.6% higher than the previous corresponding period of RM2,182.4 million.
· Net profit attributable to equity holders improved by 24.8% to RM1,927.3 million.
· Non-Performing loan (NPL) improved to 0.9% from 1.3% over the same period.
· Public Bank recorded a pre-tax profit of RM2,129.4 million for the nine months ended 30 Sep 2008 and was 14.1% higher than the previous corresponding period.
· Pre-tax profit contribution from the Group’s overseas operations increased by RM13.3 million or 4.8% from the previous corresponding period.
· For the 3rd quarter ended 30 Sep 2008, the Group registered a pre-tax profit of RM804.0 million, an improvement of RM29.6 million or 3.8% as compared to the previous corresponding quarter.
· Earnings attributable to equity holders grew by 13.4% or RM72.7 million over the same period.
· The EPS has increased to 18.4 cent in the 3rd quarter compared to 16.2 cent in the previous corresponding period. The EPS for nine month ended 30 Sep 2008 is 57.4 cent.
· Total assets is RM190,729 million and total liabilities is RM180,841 million.
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