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Friday, July 27, 2001

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Cipla profit increases

Cipla has announced a net profit of Rs. 44.4 crores for the quarter ended June 30, 2001 against Rs. 38.8 crores in the corresponding period of the previous year. The board of the company has recommended a final dividend of Rs. 4.5 per equity share of Rs. 10 for the year 2000-01.

Net sales for the quarter was at Rs. 297.9 crores (Rs. 241.8 crores) and other income Rs. 6.12 crores (Rs. 7.58 crores). The company provided Rs. 25 lakhs (Rs. 40 lakhs) for interest, Rs. 4.75 crores (Rs. 3.75 crores) for depreciation and Rs. 14 crores (Rs. 13.5 crores) for tax.

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