Cipla Net Profit up at Rs 140.04 Crore, recommends dividend of Rs 2

Cipla Ltd has announced the Unaudited results for the quarter ended June 30, 2008.The Company has posted a net profit after tax of Rs 1400.40 million for the quarter ended June 30, 2008 as compared to Rs 1197.60 million for the quarter ended June 30, 2007. Total Income has increased from Rs 9118.00 million for the quarter ended June 30, 2007 to Rs 12241.40 million for the quarter ended June 30, 2008.The Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has recommended payment of dividend of Rs 2 per equity share (face value of Rs 2) for the year 2007-2008 amounting to Rs 156.46 crores.The stock was trading at Rs.215.25, up by Rs.3.50 or 1.65%. The stock hit an intraday high of Rs.219.40 and low of Rs.212.25.The total traded quantity was 584593 compared to 2 week average of 198005.