PFC: surged by 6.5% to Rs114 after the company announced its Q1 results.

PFC surged by 6.5% to Rs114 after the company announced its Q1 results. The company posted an increase in total income increased from Rs11.458bn for the quarter ended June 30, 2007 to Rs14.416bn (up 25%) for the quarter ended June 30, 2008. However, net profit was at Rs2.97bn for the quarter ended June 30, 2008 (down 4%) as compared to Rs3.09bn for the quarter ended June 30, 2007.