Abbott India, a Rs 500-crore plus Mumbai based MNC, has improved its working during the second quarter ended May 2007 and its net profit increased by 34.7 per cent to Rs 18.30 crore from Rs 13.59 crore in the corresponding period of last year. The company's net sales increased by 18.8 per cent to Rs 154.04 crore from Rs 129.66 crore. The earning per share worked out to Rs 12.65 as against Rs 8.89 in the last period.

During the quarter, the company has bought back 8,07,360 equity shares of Rs 10 each, at a price of Rs 650 per share. Consequently the paid up equity share capital reduced to Rs 14.47 crore and aggregate public shareholding reduced to 50.45 lakh equity shares (34.9 per cent).

For the first half ended May 2007, Abbott's net profit improved by 11.3 per cent to Rs 31.20 crore from Rs 28.02 crore in the similar period of last year. The net sales for the first six months period went up by 18 per cent to Rs 287.27 crore from Rs 243.49 crore.

The company's net sales for the year ended November 2006 touched to Rs 510 crore and earned a net profit of Rs 59.86 crore. The company paid equity dividend of 175 per cent amounting to Rs 29.63 crore.