Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / UCO Bank Q4 net zooms four-fold, FY’10 profit at 1,012 cr
BackBack

UCO Bank Q4 net zooms four-fold, FY’10 profit at ₹1,012 cr

UCO Bank Q4 net zooms four-fold, FY’10 profit at ₹1,012 cr

Premium

Mumbai: Public sector lender UCO Bank on Friday said net profit surged nearly four-fold to Rs379.80 crore for the fourth quarter ended 31 March, 2010, in comparison to the corresponding period of the previous fiscal.

Total income of the bank rose to Rs2,690 crore for the quarter ended 31 March compared to Rs2,520.62 crore during the corresponding period of the previous year, UCO Bank said in a filing to the Bombay Stock Exchange (BSE).

The bank has recommended a dividend of Rs1.50 per share.

For the year ended March, 2010, the bank posted a net profit of Rs1,012 crore compared to Rs557.72 crore in the last fiscal.

The bank reported a total income of Rs10,492.25 crore for the year ended March, 2010, as against Rs9,141.28 crore in the previous financial year.

The bank earned an interest of Rs2,435.91 crore for the quarter ended 31 March, compared to Rs2,164.28 crore in the corresponding period of the previous fiscal.

Shares of UCO Bank on Friday closed at Rs69.20 on the BSE, down 1.14% from the previous close.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 30 Apr 2010, 07:34 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie