Saturday, May 24, 2008

Federal Bank Announces Quarter Results

Federal Bank Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Bank has posted a net profit of Rs 1028.60 million for the quarter ended March 31, 2008 as compared to Rs 992.50 million for the quarter ended March 31, 2007. Total Income has increased from Rs 6366.30 million for the quarter ended March 31, 2007 to Rs 8420.60 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Bank has posted a net profit of Rs 3680.50 million for the year ended March 31, 2008 as compared to Rs 2927.30 million for the year ended March 31, 2007. Total Income has increased from Rs 21040.40 million for the year ended March 31, 2007 to Rs 29104.30 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Year ended March 31, 2008
The Group has posted a net profit of Rs 3600.70 million for the year ended March 31, 2008 as compared to Rs 2927.50 million for the year ended March 31, 2007. Total Income has increased from Rs 21040.40 million for the year ended March 31, 2007 to Rs 29104.30 million for the year ended March 31, 2008.

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