Drug firm Abbott India today posted a net profit of Rs 5.94 crore for the quarter ended March 31, 2011.
The company had a net profit of Rs 11.80 crore for the quarter ended February 28, 2010, Abbott India said in a filing to the Bombay Stock Exchange (BSE).
The company has changed its accounting year from the year ended November 30 to year ended December 31, from the previous financial year onwards, so the results are not comparable Abbott said.
The company's sales were Rs 233.67 crore for the first quarter this fiscal. It had sales of Rs 200.83 crore for the quarter ended February 28, 2010.
The members of the company at their annual general meeting (AGM) held today also approved a dividend of Rs 17 per share on 1,36,75,240 equity shares of Rs 10 each for the period December 1, 2009 to December 31, 2010.
Shares of Abbott India today closed at Rs 1,587.55 on BSE, up 0.79% from its previous close.