*Indian Overseas Bank* announced an increase in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 26.04% to Rs 3,884.38 million from Rs 3,081.85 million in the same quarter previous year due to steep rise in interest income.
Interest earned for the quarter rose 27.85% to Rs 26,541.17 million, while total income for the quarter rose 39.63% to Rs 32,049.03 million, when compared with the prior year period. The company reported earnings of Rs 7.13 a share during the quarter, registering 25.97% growth over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Interest Income* 26,541.17 20,758.81 27.85 *Net Profit* 3,884.38 3,081.85 26.04 *Basic EPS* 7.13 5.66 25.97 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
