ABB Q4 net up 33.59%

Power and automation major ABB posted a 33.59% rise in net profit at Rs 94.61 cr for the quarter ended Dec 31, 2005.

Power and automation major ABB Ltd on Tuesday posted a 33.59 per cent rise in net profit at Rs 94.61 crore for the quarter ended December 31, 2005 as compared to Rs 70.82 crore for the same quarter in previous fiscal.

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Total income grew to Rs 1,001.62 crore for the fourth quarter this fiscal from Rs 762.18 crore during the corresponding quarter last fiscal, up 31.41 per cent, the company informed the Bombay Stock Exchange.

The net profit for the year ended December 31, 2005 was Rs 218.67 crore as against Rs 154.31 crore for the previous year.

The company's total income increased to Rs 3,014.13 crore for the year ended December 31, 2005 from Rs 2,305.57 crore a year-ago.

Also, the board has recommended a dividend of Rs eight per equity share of Rs 10 each for the year ended December 31, 2005.