Mar 2006 Financial News

ANSA Merchant Bank Limited releases year end results

Mar 31, 2006

Ansa Merchant Bank Limited (AMBL) reported Earnings Per Share of $1.21 for the year ended December 31, 2005 up 18.63 per cent from $1.02.

Total income rose 18.23 per cent from $335.239 million in 2004 to $396.467 million in 2005 driven by a 24.02 per cent increase in Net Insurance Revenue and a 21.53 per cent increase in Investment Income. Expenses increased 19.16 per cent to $279.315 million while Net Profit After Tax grew by 18.12 per cent.

Look out for a detailed analysis of these results in the WISE Weekly Report.

Sreshtha Tewari
WISE Research Team