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Central Bank hits monthly low after poor FY12 nos-news08052012


Central Bank of India fell over 13% and touched the monthly low of Rs76.80 on the BSE, after the company posted poor Q4 FY12 results.

Central Bank of India has announced the following results for the quarter & year ended March 31, 2012:

The audited results for the quarter ended March 31, 2012:

    The net loss of the bank came in at Rs105.23 crore for the quarter ended March 31, 2012 as compared to net profit of Rs132.70 crore for the quarter ended March 31, 2011.
    The total income has increased by 12.97% to Rs5371.75 crore for the quarter ended March 31, 2012 from Rs4755.21 crore for the quarter ended March 31, 2011.


The audited results for the year ended March 31, 2012:

    The net profit of the bank fell 57.44% by to Rs533.04 crore for the year ended March 31, 2012 as compared to Rs1252.41 crore for the year ended March 31, 2011.
    The total income advanced by 24.62% to Rs20544.80 crore for the year ended March 31, 2012 from Rs16485.61 crore for the year ended March 31, 2011.

Further the board of directors of the bank at its meeting held today, has recommended a final Dividend @ 20% on the equity share capital (i.e. Rs2 per equity share of Rs10 each) subject to approval of Government of India and shareholders.
....more info



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