Online edition of India's National Newspaper
Saturday, May 21, 2011
ePaper | Mobile/PDA Version
Google



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

Orchid's turnover up at Rs. 1,668 crore

Corporate Reporter

CHENNAI: Orchid Chemicals and Pharmaceuticals has recommended a dividend of Rs. 3 for the year ended March 31, 2011 against Rs. 10 in the previous year. The turnover has risen to Rs. 1,668.27 crore (standalone) from Rs. 1,251.04 crore. The net profit after taxation was Rs. 159.48 crore.

The net profit last year was Rs. 331.34 crore which included a credit of Rs. 886.58 crore under extraordinary item. It has been stated that the figures for the previous year are not comparable as the company transferred its injectable formulation business to Hospira Healthcare, a subsidiary of the U.S. based pharma company Hospira inc. in March 2010. A sum of Rs. 1,016.58 crore was shown under other income last year which included the consideration arising out of the sale and transfer of the company's business referred to above. Net earnings worked out to Rs. 22.64 per share.

The board of directors has recommended a dividend of Rs. 3 against Rs. 10 in the previous year.

According to K. Raghavendra Rao, Chairman and Managing Director, given the strong orderbook and supply arrangements the company is confident of delivering a 25 per cent increase in revenues and a more than proportionate growth in profits during the current financial year.

The company's cumulative ANDA (abbreviated new drug application) filings for the U.S. market stood at 42.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2011, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu