Orchid Q1 net up 56%, announces 1:2 bonus

Orchid Chemicals & Pharmaceuticals has reported a 56% jump in net profit at Rs 7.33 crore for the quarter ended June 30, 2005 as compared to Rs 4.69 crore in Q1FY05. Total income has decreased to Rs 170.69 crore for the quarter ended June 30, 2005 against Rs 174.26 crore in Q1FY05.

According to a release issued by Orchid Chemicals to the BSE, the board has approved issue of bonus shares in the ratio of 1:2 (one bonus shares for every two shares held).