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Thursday, October 19, 2006

Elder Pharma - Healthy Results


Elder Pharma`s Net Spurts Up 95.2% In Sep`06 Qtr

Elder Pharmaceutical has posted a 95.2% rise in net profit after tax and exceptional items to Rs 141.85 million for the quarter ended September 30, 2006 as compared with Rs 72.67 million for the quarter ended September 30, 2005. Total income has increased by 30.41% to Rs 1108.8 million for the quarter ended September 30, 2006 from Rs 850.22 million for the quarter ended September 30, 2005. The EPS has increased by 89.66% to Rs 7.89 for the quarter ended September 30, 2006 from Rs 4.16 for the quarter ended September 30, 2005.

The company is mainly into the manufacturing of bulk drugs and formulations and has both its plants at Navi Mumbai. Formulations and bulk drugs are major contributors to the company`s revenues.



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