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Abbott India posts net profit of 14.41 cr for Q4 and FY-02

Our Bureau, MumbaiFriday, February 21, 2003, 08:00 Hrs  [IST]

Abbott India Ltd has posted a net profit of Rs 14.41 crore for the quarter ended November 30, 2002 (Q4-02) where as net profit was at Rs 7.75 crore for the two months ended November 30, 2001. Total income (Net of Excise) stood at Rs 94.45 crore in Q4-02 whereas the same was Rs 56.04 crore in the two months ended November 30, 2001. The Company has posted a net profit of Rs 55.68 crore for the year ended November 30, 2002 (FY-02) whereas it was at Rs 48.69 crore for the eleven months ended November 30, 2001 (FY-01). Total income (Net of Excise) stood at Rs 369.43 crore in FY-02 whereas the same was at Rs 326 crore in FY-01. The Board of Directors has recommended a Dividend of Rs 12 per equity share on 1,62,00,000 equity shares of Rs 10 each. In the year 2001, the Company changed its accounting year ending from December 31 to November 30. As such the figures for the current year / quarter ended November 30, 2002 are not directly comparable with the corresponding figures for the previous period.

 
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