Andhra Bank Q4 down 10% at Rs 124cr
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B. KARTHICK
Apr 25, 2008, 7:28:48 AM4/25/08
to Kences1
Andhra Bank today posted a 10.4% drop in its fourth quarter net profit
at Rs 124.25 crore as against Rs 138.7 crore in January-March 2007 due
to sharp rise in interest costs.
According to a release issued by the bank to the BSE today, the total
income for the January-March 2008 quarter rose by 22.03% to Rs 1,352
crore. The interest income moved up to Rs 1,169.22 crore from Rs
969.99 crore a year ago.
The interest expenditure shot up by 41% to Rs 826.3 crore from Rs 582
crore. The net interest income for the Q4FY08 was down at Rs 343 crore
from Rs 387.9 crore in same period of 2006-07.
at Rs 124.25 crore as against Rs 138.7 crore in January-March 2007 due
to sharp rise in interest costs.
According to a release issued by the bank to the BSE today, the total
income for the January-March 2008 quarter rose by 22.03% to Rs 1,352
crore. The interest income moved up to Rs 1,169.22 crore from Rs
969.99 crore a year ago.
The interest expenditure shot up by 41% to Rs 826.3 crore from Rs 582
crore. The net interest income for the Q4FY08 was down at Rs 343 crore
from Rs 387.9 crore in same period of 2006-07.
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