Wyeth Q4 net profit zooms to Rs.13.25 crores, recommends 300% dividend

Wyeth Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 132.50 million for the quarter ended March 31, 2007 as compared to Rs 17.70 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 467.00 million for the quarter ended March 31, 2006 to Rs 638.10 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 923.60 million for the year ended March 31, 2007 as compared to Rs 677.20 million for the year ended March 31, 2006. Total Income (net of excise) has decreased from Rs 3075.80 million for the year ended March 31, 2006 to Rs 3054.70 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on June 13, 2007, inter alia, has recommended dividend @ 300 % on Equity Shares of Rs 10 each.

The stock was trading at Rs.560.10, up by Rs.22.35 or 4.16%. The stock hit an intraday high of Rs.574 and low of Rs.522. The total traded quantity was 48274 compared to 2 week average of 5283.

The Register of Members & Share Transfer Books of the Company will remain closed from August 22, 2007 to August 31, 2007 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on August 31, 2007.

Source : Equity Bulls

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