BackUco Bank Q4 net up 19% at Rs102 cr; declares dividend
Uco Bank Q4 net up 19% at Rs102 cr; declares dividend
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Mumbai: Public sector lender Uco Bank on Friday posted a 19% growth rate in its net profit during the fourth quarter ended 31 March 2009, to Rs102.56 crore over the corresponding period a year ago.
The bank had a net profit of Rs85.99 crore in the January-March quarter of 2007-08 fiscal, Uco Bank said in a filling to the stock exchanges.
Total income of the lender rose to Rs2,520.62 crore during the fourth quarter of FY 09 from Rs2,053.29 crore of the same quarter a year earlier.
The state-run bank has declared a dividend of Re1 per equity share.
For the financial year ended 31 March 2009, Uco Bank reported a net profit of Rs557.72 crore, registering 35% growth against Rs412.16 crore of FY 08.
Total income during the FY 09 rose to Rs9,141.28 crore from Rs7,280.69 crore of FY 08.
Shares of Uco Bank surged 4.67% and were trading at Rs32.50 in the late afternoon trade on the Bombay Stock Exchange.
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