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MUMBAI: Indoco Remedies Ltd has registered an 18 per cent growth in net profit at Rs 25.13 crore for the year ended June 2005. The company clocked a 21.7-per cent growth in total revenues at Rs 220.6 crore, a note from the company said.

For the quarter ended June 2005, total income rose 30 per cent to Rs 86.76 crore as compared to Rs 66.67 crore recorded during the corresponding period last year.

At the company's board meeting held last Saturday, the board of directors recommended a dividend of 50 per cent to its shareholders at Rs 5 per share.

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