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Article: RANBAXY LABORATORIES LTD. REGISTERS 99 PERCENT INCREASE IN PROFITS FOR YEAR-END MARCH 31, 1995; Exports up 36 percent for Indian pharmaceutical company.
- Article from:
- Business Wire
- Article date:
- May 9, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, India--(BUSINESS WIRE)--May 9, 1995--The Board of Directors of Ranbaxy Laboratories Limited (GDR: RBXYG) at their meeting held today, took on record the unaudited Annual Results for the year ended March 31, 1995.
The company recorded sales of Rs. 7119 million (1993-94 - Rs. 5934 million), an increase of 20 percent, with export sales of Rs. 3022 million (1993-94 - Rs. 2225 million), an increase of 36 percent, accounting for 42 percent of total sales (1993-94 - 37 percent). The company achieved Gross Profit of Rs. 1477 million (1993-94 - Rs. 796 million), an increase of 85 percent. After absorbing Rs. 177 million for depreciation (1993-94 Rs. 143 million), ...