The profit after taxation of Wyeth Pakistan declined to Rs 144.292 million in the year ended on December 31, 2008 as compared to Rs 245.071 million earned in 2007. The earning per share of the company decreased to Rs 101.50 against Rs 172.39 recorded a year back.
The board of directors of the company in its meeting held here on Friday recommended a final cash dividend for the year at Rs 50 per share ie 50 percent. This is in addition to interim dividend already paid at Rs 200 per share ie 200 percent.
According to financial result, the companys net sales increased to Rs 2.383 billion in this period against Rs 2.107 billion. On the other hand, the cost of sales increased to Rs 1.678 billion against Rs 1.372 billion. The companys profit before taxation stood at Rs 229.089 million in 2008 against Rs 359.067 in 2007.
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