Drug firm Pfizer today said its net profit rose by 71.64 per cent to Rs. 43.58 crore for the quarter ended November 30, 2010, vis-a-vis the corresponding period of the previous fiscal.

The company had posted a net profit of Rs. 25.39 crore for the same period last fiscal, Pfizer said in a statement.

Net sales of the company stood at Rs. 235.84 crore for the quarter ended November 30, 2010, compared to Rs. 194.94 crore in the corresponding period last fiscal.

The company’s board has also declared an interim dividend of Rs. 12.50 (125 per cent) per equity share of Rs. 10 face value for shareholders.

Meanwhile, the company has changed its accounting year from December 1 to November 30 to April 1 to March 31 with effect from December 1, 2009.

“The current financial year will be for a period of 16 months, from December 1, 2009, to March 31, 2011,” the company said.

In a separate filing to the BSE, the company said Richard Gane has resigned as the director of the company with effect from today.

Shares of Pfizer closed at Rs. 1,123.25 apiece on the Bombay Stock Exchange today, down 0.49 per cent from the previous close.

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