Wyeth members approve 300% final dividend
Wyeth members approve 300% final dividend >The members of Wyeth, at the 59th annual general meeting (AGM) of the company held on Aug. 31, 2007, approved declaration of dividend of Rs 30 a share, or 300%, on equity shares of Rs 10 each, for the year ended Mar. 31, 2007.
Wyeth disclosed decline in net profit for the quarter ended June 2007. During the quarter, the company reported fall in profit to Rs 247.30 million from Rs 252.30 million in the corresponding quarter, last year.
Net sales for the quarter rose 16.88% to Rs 867.70 million, compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 3.6, or 0.73%, to Rs 487.2. The total volume of shares traded was 4,952 at the BSE. (Thursday)
