Central Bank FY10 net up 83% at Rs 1,162 cr

Central Bank of India today reported a 82.83 per cent growth in consolidated net profit for the year ended March 2010, at Rs 1,162.55 crore.

Last year, the company had a consolidated net profit of Rs 635.85 crore, Central Bank of India said in a filing to the Bombay Stock Exchange (BSE).

The board of directors has proposed a dividend of Rs 1.20 per share, or 12 per cent, for the financial year ended 2009-10 to the shareholders.

Total income rose to Rs 13,820.61 crore in the year-ended March 2010, up 19.75 per cent, from Rs 11,540.97 crore in the corresponding period a year-ago.
    
Shares of Central Bank of India were trading at Rs 148.90 on the BSE, up 2.44 per cent from its previous close.