Indoco Remedies FY05 net up 18%

Pharmaceutical company Indoco Remedies today reported a 18.20% growth in net profit at Rs 25.13 crore for the year ended June 30, 2005 as against Rs 21.26 crore for the year ended June 30, 2004.

The board has recommended an annual dividend of 50% i.e Rs 5 per share, an official release said today.

Total income from operations increased to Rs 215.77 crore from Rs 177.66 crore in FY04, the release added.