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Tuesday, April 15, 2008

Public Bank Q1 2008 profit jumps 51%

Highlight of Quarterly Earning:

Revenue rose 22.8% to RM2.64bil from RM2.15bil in the previous corresponding quarter while earnings per share jumped to 21.39 sen from 14.19 sen.

Net profit of RM717.39mil for the first quarter ended March 31, up 50.6% from RM476.22mil a year earlier, on strong growth in its operating profit.

The earnings were driven by higher net interest income, including net financing income from its Islamic banking operations, and also a goodwill payment of RM200mil.

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