Wockhardt Board reports lower net profit, recommends 100% dividend

Wockhardt Ltd has announced the following Audited results for the quarter & year ended December 31, 2006:

The results for the quarter ended December 31, 2006:

The Company has posted a net profit of Rs 485 million for the quarter ended December 31, 2006 as compared to Rs 514 million for the quarter ended December 31, 2005. Total Income has increased from Rs 2334 million for the quarter ended December 31, 2005 to Rs 2560 million for the quarter ended December 31, 2006.

The results for the year ended December 31, 2006:

The Company has posted a net profit of Rs 2135 million for the year ended December 31, 2006 as compared to Rs 2385 million for the year ended December 31, 2005. Total Income has increased from Rs 9850 million for the year ended December 31, 2005 to Rs 11564 million for the year ended December 31, 2006.

The Consolidated Results are as follows:

The results for the quarter ended December 31, 2006:

The Group has posted a net profit of Rs 871 million for the quarter ended December 31, 2006 as compared to Rs 729 million for the quarter ended December 31, 2005. Total Income has increased from Rs 3689 million for the quarter ended December 31, 2005 to Rs 5342 million for the quarter ended December 31, 2006.

The results for the year ended December 31, 2006:

The Group has posted a net profit of Rs 2413 million for the year ended December 31, 2006 as compared to Rs 2571 million for the year ended December 31, 2005. Total Income has increased from Rs 14310 million for the year ended December 31, 2005 to Rs 17480 million for the year ended December 31, 2006.

The Company has recommended a dividend of Rs 5/- per equity share, i.e. 100% for the year 2006.

Source : Equity Bulls

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