 Corporation Bank announced a steady growth in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 18.67% to Rs 1,915.11 million from Rs 1,613.80 million in the same quarter, last year.
Interest income for the quarter rose 36.19% to Rs 14,487.54 million, while total income for the quarter rose 30.17% to Rs 16,231.25 million, when compared with the prior year period.
During the quarter, the company reported earnings of Rs 13.35 a share, registering a growth of 18.67% from a year ago period.
| Quarterly Results - Standalone (Rs in mn) |
| As at |
Sep - 08 |
Sep - 07 |
%Change |
| Interest Income |
14,487.54 |
10,637.50 |
36.19 |
| Net Profit |
1,915.11 |
1,613.80 |
18.67 |
| Basic EPS |
13.35 |
11.25 |
18.67 |
Shares of the bank declined Rs 12.15, or 5.35%, to end at Rs 215. The total volume of shares traded was 3,502 at the BSE (Friday).
Corporation Bank (Q,N,C,F)*
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