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City-based Hester Biosciences Ltd has posted a 29 per cent jump in net profit for the fourth quarter ended March 31, 2017, at Rs 7.07 crore against Rs 5.50 crore in the same quarter a year ago.
The company's net sales increased by 24 per cent to Rs 35 crore from Rs 28 crore in the same quarter last year.
For the financial year ended March 2017, the company's net profit increased by 29 per cent to Rs 24.84 crore against Rs 19.22 crore on net sales of Rs 123.22 crore against Rs 100.89 crore reported in the previous fiscal.
The board of directors has recommended a final dividend of Rs 2.30 per share (23 per cent) for the financial year 2016-17. However, earlier in October 20, 2016, the board had declared an interim dividend of Rs 3 per share (30 per cent) thereby totalling Rs 5.30 per share or 53 per cent for the fiscal.
Hester shares surged 6.11 per cent to Rs 900 on the National Stock Exchange on Monday.
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