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Ranbaxy Q1 net at Rs 50.24 crore, FY'05 final dividend @ Rs 6/share

Written by: Staff
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Mumbai, Apr 19 (UNI) Ranbaxy Laboratories Ltd has for the quarter ended March 31, 2006 posted a net profit of Rs 50.24 crore as compared to Rs 67.71 crore for the similar quarter in the previous year.

Announcing the results, the company said its total income (net of excise) has decreased from Rs 844.14 crore in Q1 FY 2005 to Rs 819.22 crore for Q1 FY 2006.

The consolidated results shows that the group has posted a profit after tax&minority interest of Rs 71.4 crore for the quarter ended March 31, 2006 (Q1 FY 2006) as compared to Rs 70.8 crore for the quarter ended March 31, 2005 (Q1 FY 2005). Total income (net of excise) has increased from Rs 1186.6 crore in Q1 FY 2005 to Rs 1303.6 crore for Q1 FY 2006.

Meanwhile, the company has announced the audited results for the year ended December 31, 2005 that envisages a net profit of Rs 223.69 crore for the year ended December 31, 2005 as compared to Rs 528.47 crore for the year ended December 31, 2004. Net sales has decreased from Rs 3497.61 crore for the year ended December 31, 2004 to Rs 3408.12 crore for the year ended December 31, 2005.

An interim dividend of Rs 2.50 per share was paid in November 2005.

The Board has recommended a final dividend of Rs 6 per share for the year ended December 31, 2005 taking the total dividend for the year to Rs 8.50 per share of par value of Rs 5 each (2004 - total dividend Rs 17 per share of par value of Rs 10 each).

UNI SN PP SKB1917

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