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Biocon Q4 net dips 62% at Rs 25 cr

Biocon today posted a consolidated net profit of Rs 24.88 crore for the quarter ended March 31, 2009, nearly a 62% decline over the same period a year ago, largely due to losses on account of aligning asset prices to market value. 
The company had a net profit of Rs 65.30 crore in the quarter ended March 31, 2008.      
The consolidated total income of Biocon increased to Rs 486.56 crore for the fourth quarter ended March 31, 2009, from Rs 279.22 crore a year ago, Biocon said in a filing to the Bombay Stock Exchange.   
For the year ended March 31, 2009, the consolidated net profit stood at Rs 93.12 crore as compared to Rs 463.90 crore in Q4 FY'08. Total income increased to Rs 1,673.22 crore in the March quarter of FY'09 from Rs 1,090.20 crore in the year ago period.      
The company declared a 60% dividend or Rs 3 per share subject to shareholders approval.   
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