UCO Bank Q4 net jumps 19%; recommends dividend of Re 1 per share
Public sector lender UCO Bank, on Friday announced an increase of 19.26% in its net profit at Rs 102.56 crore for the fourth quarter ended March 31, 2009, compared to Rs 85.99 crore in the year-ago period.
Further, total income of the lender for the quarter also rose 22.76% to Rs 2520.62 crore, compared to Rs 2053.29 crore for prior year period.
For the full-year ended March, UCO Bank’s net profit surged 35.31% to Rs 557.72 crore, as compared to Rs 412.16 crore for the year ended March 31, 2008.
In addition, bank’s total income has also increased from 7280.69 crore for the year ended March 31, 2008 to Rs 9141.28 crore for the year ended March 31, 2009.
Apart from announcement of results, the Board of Directors of the Bank at its meeting held on May 08, 2009, inter alia, has recommended Dividends @ Re 1 per equity share of Rs 10 each.