Sterling Biotech Q4 net at Rs 32.24 cr, FY05 dividend at 50 pc

Mumbai, Mar 28: Sterling Biotech has posted a net profit of Rs 32.24 crore for the quarter ended December 31, 2005 as compared to Rs 27.73 crore for the quarter ended December 31, 2004.

Announcing the results, the Company said its total income has increased from Rs 113.36 crore for the quarter ended December 31, 2004 to Rs 130.71 crore for the quarter ended December 31, 2005.

It has posted net profit of Rs 112.08 crore for the year ended December 31, 2005 as compared to Rs 78.29 crore for the year ended December 31, 2004. Total Income has increased from Rs 396.05 crore for the year ended December 31, 2004 to Rs 485.00 crore for the year ended December 31, 2005.

The Board has recommended a dividend at 50 per cent on the equity share capital (i.e. Rs 0.50 per equity share of face value of Re one) of the Company for the year ended December 31, 2005.

UNI