Bank of Ireland Results Behind Surge in Market ; Iseq Briefing: Closed at 2,746.19 Up 102.33 [Eire Region]

Daily MailMay 20, 2009

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Summary


THE Dublin shares market powered ahead yesterday led by a 22pc surge in Bank of Ireland (BoI) shares following its full year results.

Investors chose to look at the bright side of the bank's results, which showed underlying pretax profits of E332m - a fall of 81pc compared to the 2008 outturn.

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Bank of Ireland Results Behind Surge in Market ; Iseq Briefing: Closed at 2,746.19 Up 102.33 [Eire Region]

However, this was well ahead of analysts' forecasts for around E160m, reflecting a stronger operating profit line. Underlying earnings per share of 30.2c compares wit...

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