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Article: Ranbaxy Laboratories Ltd. posts 21 percent first half profit gain.
- Article from:
- Business Wire
- Article date:
- October 15, 1996
CopyrightCOPYRIGHT 1996 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)--Oct. 15, 1996--
Indian pharmaceutical company records 41 percent growth
in exports, 23 percent growth in sales
Ranbaxy Laboratories, Ltd. (GDR:RBXD-London) announced half-year unaudited financial results for the six months ended September 30, 1996.
The company recorded sales of Rs. 5122 m (1995-96 Rs. 4153 m), an increase of 23 percent, with export sales at Rs. 2448 m (1995-96 Rs. 1737 m), an increase of 41 percent, accounting for 47 percent of total sales (1995-96 - 46 percent). The company achieved gross profit of Rs. 963 m (1995-96 Rs. 798 m), an increase of 21 percent. After ...