Cipla Q1 net up 53 pc, dividend at Rs 2/- per share

Mumbai, July 21 (UNI) Pharma major Cipla has posted a net profit of Rs 170.43 crore for the quarter ended June 30, 2006 as compared to Rs 111.40 crore for the quarter ended June 30, 2005, an increase of 52.98 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 671.17 crore in Q1 FY 05-06 to Rs 885.53 crore for Q1 FY 06-07.

Further the Company has informed that, the Board has recommended payment of dividend of Rs 2 per equity share (face value Rs 2) on equity shares (including shares underlying GDRs and bonus shares) for the year 2005-2006.

UNI SN GB SKB1733