New Delhi: Drug firm Abbott India on Wednesday reported 34.95% increase in net profit at 49.77 crore for the fourth quarter ended 31 December.

The company had posted net profit of 36.88 crore in the same period of 2011, Abbott said in a filing to the BSE.

Net sales of the company rose to 437.52 crore in the fourth quarter, compared to 383.60 crore in the same period of 2011.

For entire 2012, the company posted net profit of 144.70 crore, compared to 120.39 crore in 2011.

Net sales of the company for the year 2012 rose to 1,613.09 crore, compared to 1,445.57 crore in 2011.

The company’s board, which met on Wednesday, approved final dividend of 17 per equity share of 10 each for 2012.

Shares of Abbott on Wednesdayclosed at 1,401.25 on the BSE, up 2.49% from its previous close.