Drug firm Sanofi India today said its net profit dipped by 18.51% to Rs 40.5 crore for the quarter ended June 30, 2012 mainly on account of amortisation costs.
The company had posted a net profit of Rs 49.7 crore for the same period previous fiscal, Sanofi India said in a filing to BSE.
Total income of the company, however, rose to Rs 392.6 crore for the reported quarter from Rs 322.3 crore for the same period year ago.
"The profit for the quarter and half year ended June 30, 2012 has been impacted due to the amortization costs relating to brands and the technical know-how required in 2011 from Universal Medicare Private Ltd and lower interest income as a result of the above investment," the company said.
In another filing to BSE, the company said its board of directors has declared an interim dividend of Rs 4 per equity share of Rs 10 for the financial year ending December 31, 2012. The interim dividend will be paid on August 16, 2012.
Shares of Sanofi India today closed flat at Rs 2,200 per scrip on the BSE.