UCO Bank Q1 net profit at Rs 133.44 crore-Results disappointed

A Public sector PSU UCO Bank has posted a marginal increase of 0.42 per cent in net profit for the first quarter of the current fiscal, at Rs 133.44 crore, against Rs 132.87 crore as on June 30, 2007. But in Indian market the bank has recorded a net profit of about Rs 101 crore for the 1st quarter against Rs 119 crore for the same quarter last year, a fall of 15.13 per cent in the net profit.

However Uco bank is planning Rs.825 cr fund rising plan. The bank is haivng equity capital of Rs 799.36 crore. Face value per share is Rs 10. Uco bank will raise funds through follow-on-public offer (FPO) and through bonds in coming months.