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Drug firm Unichem Laboratories today posted 8.90% rise in net profit at Rs 36.09 crore for the first quarter ended June 30, 2013.
The company had posted a net profit of Rs 33.14 crore during the same period of previous fiscal.
Net sales of the company, however, declined to Rs 262.20 crore during the first quarter, as against Rs 263.29 crore in the same period of previous financial year, Unichem Laboratories said in a filing to the BSE.
The company's board, which met today, appointed Prakash Mody as Chairman and Managing Director of the company for five years with effect from July, 1, 2013.
The board also approved a dividend of Rs 4.5 per equity share of Rs 2 each (225%).
Shares of Unichem Laboratories were trading at Rs 167.70 a piece on the BSE in late afternoon trade, down 4.99% from their previous close.
