Pharma firm Abbott India has posted a rise of 44.46% in its net profit of Rs 36.88 crore for the fourth quarter ended December. The company had posted net profit of Rs 25.53 in the same quarter in 2010. Net sales of the company during Q4 stood at Rs 383.60 crore, as against Rs 268.53 crore in the same period, up by 42.85%.
Due to change in the accounting system and ongoing scheme of amalgamation, the results of the quarter and the year ended December 31, 2011 are not comparable with those of the corresponding periods of the previous year.
For the year ended December 31, 2011, the company posted a net profit of Rs 120.39 crore. The company had posted a net profit of Rs 60.94 crore in 2010.
The company’s board has recommended a final dividend of Rs 17 per equity share of the face value of Rs 10 each.
