Oriental Bank net drops 16% to Rs 128.15 cr

BS 200 SCORECARD

Oriental Bank of Commerce today reported a 15.8 per cent decrease in net profit to Rs 128.15 crore during October-December 2004 against Rs 152.22 crore during the third quarter of the last financial year.

Operating profit was down 21.4 per cent to Rs 290.16 crore during the third quarter. Total income, however, rose 7.5 per cent to Rs 1062.68 crore, while operating income grew 9.3 per cent to Rs 910 crore.

Annualised earnings per share was estimated at Rs 27.19 per share at the end of December 2004 against Rs 23.76 per share at the end of December 2003.

The bank's net profit during the nine month period-ended December 2004 rose 14.46 per cent to Rs 523.56 crore. Operating profit decreased 22.3 per cent to Rs 890.55 crore.