A giant pharma company is going to give a strong dividend to its investors. This company is Abbott India. Pharma company Abbott India has announced that its board of directors has approved a final dividend of Rs 145 and a special dividend of Rs 130 for the financial year ended March 2022. This final dividend will be paid on or after August 17, 2022.
Company’s profit increased by 39% to Rs 211 crore
Abbott India’s net profit grew 39 per cent to Rs 211 crore in the fourth quarter ended March 2022. Abbott India had made a profit of Rs 152 crore during the same period last year. The company’s revenue from operations has increased to Rs 1,255 crore in the January-March 2022 quarter, from Rs 1,096 crore in the year-ago period. The company has made a net profit of Rs 799 crore during the entire financial year ended 31 March 2022. At the same time, during the financial year 2021, the company had a profit of Rs 691 crore.
Also read- Ramdev’s name changed to Ruchi Soya, the company’s share price increased like a rocket
The company’s shares gave a return of more than 7,000%
The shares of Abbott India were at the level of Rs 239.55 on the National Stock Exchange (NSE) on 18 January 2002. The shares of the company have closed at Rs 17,820 on May 18, 2022. The company’s shares have given returns of more than 7,000 per cent during this period. If a person had invested Rs 1 lakh in the shares of the company on January 18, 2002 and had retained his investment, this money would have increased to Rs 74.38 lakh at present. Shares of Abbott India have given returns of 322 per cent in the last 5 years. The 52-week high of the company’s shares is Rs 23,934.45. The 52-week low of Abbott India’s shares is Rs 15,514.
Also read- This share rose more than 5000% in one year, now the company is giving the gift of bonus share