Dena Bank Q4 net profit at Rs 111 cr, declares 12% dividend

Public sector lender Dena Bank today said it has reported a marginal growth in net profit at Rs 111.17 crore for the fourth quarter ended March 31, 2009.      

The bank had a net profit of Rs 110.99 crore in the March quarter of FY'08, Dena Bank said in a filing to the Bombay Stock Exchange.      

The total income rose 17.3% to Rs 1,035.83 crore during the March quarter, from Rs 882.98 crore in the corresponding period a year ago.      

The bank's board has declared a dividend of 12%, at the rate of Rs 1.20 a piece on shares of Rs 10 face value for FY'09.      

During the quarter, the bank's interest income increased 22.67% to Rs 895.79 crore, while the interest expended stood at Rs 656.83 crore, up 31% over the same period the previous fiscal.      

For the financial year ended March 31, Dena Bank reported a net profit of Rs 422.66 crore, up 17.47% from Rs 359.79 crore in the year-ago period.      

The total income rose to Rs 3,877.62 crore during FY'09, from Rs 3,154.02 crore in the year-ago period.      

Shares of Dena Bank were trading at Rs 36.80, down 1.21% in afternoon trade on the BSE.