Public Bank up on declaring first interim dividend

PUBLIC BANK BHD shares rose on Tuesday, July 26 after it declared a first interim dividend of 20% or 20 sen a share which would result in a total dividend payout of RM700 million.


At 11.25am, Public Bank added eight sen to RM13.44 with 372,700 shares traded.
Its earnings rose 19.9% to RM880.35 million in the second quarter ended June 30, 2011 from RM734.08 million a year ago.

Revenue increased by 18.3% to RM3.17 billion from RM2.68 billion. Earnings per share were 25.14 sen compared with 20.96 sen.(theedgemalaysia.com)