Mar 2006 Financial News

Scotiabank Releases First Quarter Results

Mar 07, 2006

Scotiabank has reported an impressive Earnings per Share of 62.3 cents, an increase of 36.32 per cent from the corresponding period. Net Interest and Other Income increased 17.68 per cent while non-interest expenses increased minimally 3.86 per cent. This lead to an increase in Profit before tax of 30.02 per cent to $95.666 million.

The Directors have declared a dividend of 23 cents to be paid on April 5, 2006.

Sreshtha Tewari
WISE Research Team