Wyeth posts 47.44 cr profit for four months ended March

Wyeth posts 47.44 cr profit for four months ended March

New Delhi: Drug firm Wyeth Ltd on Tuesday reported a net profit of 47.44 crore for the four months ended 31 March 2011.

The company had posted a net profit of 30.41 crore for the quarter ended 28 February 2010, Wyeth said in a filing to the Bombay Stock Exchange (BSE).

Wyeth said it has changed accounting year from 1 December – 30 November to 1April – 31 March with effect from 1 December 2009 therefore the current accounting period is for sixteen months from 1 December 2009 to 31 March 2011.

Prior period figures are not comparable with those of the period under review, the company said.

The company posted total income of 169.27 crore for the four months ended 31 March 2011. Its total income was 106.92 crore for the quarter ended 28 February 2010.

The Board of Directors of the company at its meeting held today have also recommended final dividend of 7.00 per equity share of 10 each on 2,27,20,059 equity shares of 10 each.

The said dividend, if approved by the shareholders at the annual general meeting, will be paid on 2 August 2011, the company said.

Shares of Wyeth Ltd today closed at 917.50 on BSE, up 0.32% from the previous close.

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