Millennium Post

Wockhardt returns to health with Rs335-cr quarterly profit

New Delhi: Drug firm Wockhardt on Monday reported a consolidated net profit of Rs 334.76 crore for the fourth quarter ended 31 March, 2013, mainly on back of robust sales.
It had posted a net loss of Rs 191.64 crore for the corresponding period previous fiscal, the company said in a filing to BSE.
Consolidated net sales of the company stood at Rs 1,485.50 crore for the quarter under consideration as against Rs 1,175.60 crore for the same period a year ago.
In a separate filing to BSE, the company said its board has 'recommended dividend at the rate of 0.01 per cent (Rs 0.0005 per preference share of Rs 5 each) absorbing a sum of Rs 2,98,557 on 475,659,941 non-convertible cumulative redeemable preference shares of Rs 5 each and 121,454,927 optionally convertible cumulative redeemable preference shares of Rs 5 each.' The board recommended dividend of Rs 5 per equity share of Rs 5 each for the year 2012-2013, it added.
Consolidated net profit for the financial year ended 31 March, 2013 stood at Rs 1,594.12 crore as against Rs 342.71 crore for the previous fiscal year.
Corresponding net sales of the company rose to Rs 5,609.42 crore for the fiscal year ended 31 March, 2013 from Rs 4,350.50 crore for the earlier fiscal. PTI
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