UCO Bank Q4 earnings soar 3.70 times

UCO Bank Q4 earnings soar 3.70 times

Public Sector lender, UCO Bank (Q,N,C,F)* has announced a rise of 3.70 times in the net profit for the quarter ended March 31, 2010. The net profit of the company was at Rs 3,798 million for the quarter as compared to Rs 1,025.60 million as compared to prior year period. Total income of the company was at Rs 26,900, a rise of 6.72% over the prior year period.

Shares of the company declined Rs 0.8, or 1.14%, to settle at Rs 69.20. The total volume of shares traded was 2,399,012 at the BSE (Friday).