Jammu

Mumbai, May 19 (UNI) Jammu&Kashmir Bank Ltd has posted a net profit of Rs 22.79 crore for the quarter ended March 31, 2006 as compared to Rs 45.86 crore for the quarter ended March 31, 2005, a fall of 50.3 per cent.

Announcing the results, the Bank said its total income has increased from Rs 426.07 crore in Q4 FY 04-05 to Rs 499.0 crore for Q4 FY 05-06.

It has posted a net profit of Rs 176.84 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 115.08 crore for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 1645.37 crore in FY 04-05 to Rs 1839.43 crore for FY 05-06.

The Board of Directors has recommended 80 per cent dividend (i.e. Eight Rupees per share) to shareholders for the year 2005-06.

UNI SN PM NV1601