Cipla Q1 net slides 30%; declares 100% dividend

Cipla reported a 30% decrease in net profit after tax at Rs 119.76 crore for the first quarter ended June 30, 2007 (Q1FY08), as compared to Rs 170.43 crore in Q1FY07.

According to the release issued to the BSE today, total income (net of excise), during the quarter, however, increased to Rs 920.37 crore from Rs 882.05 crore in Q1FY07.

The board of directors of the company, at its meeting today, recommended 100% dividend, that is, Rs 2 per share of face value Rs 2 for FY07, amounting to Rs 155.46 crore.