According to a release issued by Biocon to the BSE today, the company's Q4FY08 total income decreased marginally to Rs 279.22 crore from Rs 279.42 crore in Q4FY07.
For the fiscal year ended March 31, 2008, the group posted 131.6% surge in net profit at Rs 463.91 crore when compared with Rs 200.25 crore reported in FY07. Total income was up 10.2% at Rs 1,090.20 crore from Rs 989.55 crore.
Futher, the company's board today recommended a bonus issue the ratio of 1:1, i.e one free share for every shareholder holding a share. The board also recommended a 100% dividend, i.e Rs 5 per share including a special dividend of 40% (Rs 2 per share).