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Pfizer on Tuesday reported a net profit of Rs 63.14 crore for the four month period ended March 31, 2011.
The company had posted a net profit of Rs 42.45 crore for the quarter ended February 28, 2010, Pfizer said in a filing to the Bombay Stock Exchange (BSE).
Pfizer said it has changed its accounting year from December 1—November 30 to April 1—March 31 with effect from December 1, 2009 and therefore the current accounting period is for 16 months from December 1, 2009 to March 31, 2011.
Prior year’s comparatives are not comparable with those of the period under review which are for the four months and sixteen months ended March 31, 2011, the company said.
The company’s posted net sales of Rs 293.17 crore for the four months ended March 31, 2011. Its net sales were at Rs 202.61 crore for the quarter ended February 28, 2010.
Pfizer’s net profit for the 16-months period ended March 31,2011 was Rs 226.34 crore.
The Board of Directors of the company at its meeting held today have also recommended a final dividend of Rs 4 per equity share of Rs 10 each for the 16 months period December 1, 2009 to March 31, 2011.
Shares of Pfizer Ltd today closed at Rs 1,310.60 on the BSE, down 1.47 per cent from the previous close.
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