Vijaya Bank Q1 net up 32.8 % to Rs 26 crore

Bangalore, July 15: Vijaya Bank’s net profit for the quarter ended June 2001 amounted to Rs 26.36 crore recording an increase of 32.8 per cent over Rs. 19.85 crore for the corresponding period last year.
The gross profit has risen to Rs 43.27 crore, registering a growth rate of 22.7 per cent over the corresponding quarter last year.

The unaudited financial results of the bank for the first quarter of 2000-01 were adopted by the bank’s board of directors at its meeting held yesterday. “The net profit and gross profit for the first quarter of 2001-02 compares favourably with the net profit (Rs 70.73 crore and gross profit (Rs 178.48 crore) recorded by the bank during 2000-01,” a bank release said.

The improvement in the net profit has resulted an increase in the earning per share from Rs 2.48 in March 2001 to Rs 2.92 in June 2001.

-- PTI