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Matrix Labs posts Rs. 25 cr. net in Q1

HYDERABAD: Matrix Laboratories has posted a profit after tax of Rs. 25.29 crore during the first quarter ended June 30, 2005 against Rs. 40.74 crore during the corresponding period previous year. Net sales stood at Rs. 154.33 crore against Rs. 153.97 crore. The annualised earnings per share on the post-bonus paid up capital of Rs. 29.94 crore with a face value of Rs. 2 stood at Rs. 6.76. The decline in the net profit, the company said, was mainly due to the increase in the material costs on account of change in the product mix as well as the steep increase in the crude oil prices in the international markets.

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