Abbott India FY07 net up 14% at Rs 68cr

Abbott India, the Indian arm of multinational drug major Abbott, has posted  a 14.32% increase in net profit at Rs 68.43 crore for the year ended November 30, 2007 when compared with Rs 59.86 crore for the year ended November 30, 2006.

Total income increased 16.86% to Rs 620.29 crore from Rs 530.77 crore in the previous fiscal.

The board has recommended a dividend of 175% i.e Rs 17.50 per share of Rs 10 each subject to approval of the shareholders at the AGM scheduled to be held on April 8, 2008.