Dena Bank Q4 net up by 49.02 pc
Public sector lender, Dena Bank has posted a rise of 49.02 percent at Rs 187.28 crore in its net profit for the quarter ended March 31, 2014 compared to Rs. 125.67 crore for the quarter ended March 31, 2013.
The total income has increased from Rs 2539.74 crore for the quarter ended March 31, 2013 to Rs 2866.78 crore for the quarter ended March 31, 2014, up by 12.87 percent.
In the year ended March 31, 2014, the bank posted a drop of 31.92 percent to Rs 551.66 crore as compared to Rs 810.38 crore for the same period last year.
However, the total income has increased from Rs 9554.85 crore for the year ended March 31, 2013 to Rs 10895.20 crore for the year ended March 31, 2014, repersenting an increase of 14.02 percent.
The Board of directors of the Bank have recommended a Final Dividend of 11 percent per equity share of Rs. 10/- each (In addition to Interim Dividend already paid Rs. 1.10 per share in January 2014)for the year 2013-2014.
The dividend will be paid / dispatched to the shareholders within 15 days of approval by the shareholders, at the Annual General Meeting of the Bank.
(Posted on 10-05-2014)