Mumbai, Feb 25: Wockhardt Ltd has posted a 24.6 per cent growth in its turnover from Rs 170.7 crore to Rs 212.7 crore for the six-month period ending December 1997. Net profit has, however, increased 15.3 per cent to Rs 36.3 crore from Rs 31.5 crore. Earnings per share has moved up from Rs 17.97 to Rs 20.68.Operating margins, during the period, has dropped slightly from 19.1 per cent to 18.57 per cent. Depreciation has increased to Rs 5.9 crore from Rs 5.4 crore. Other income has dipped to Rs 4.9 crore from Rs 6.6 crore.
Wockhardt paid an effective tax rate of 5.7 per cent (MAT), as against 6.8 per cent last year. It remains a zero-debt company.
During the six-month period, Wockhardt has commissioned two new manufacturing facilities.
In Chandigarh, commercial production of the Rs 42- crore paediatric- and medical-nutrition products' factory has begun. The factory has the potential of achieving a turnover of Rs 100 crore, a company release says. At Waluj, a new factory for the manufacture of sterileantibiotic powder for injections has been set up.
Copyright(c)1998 Indian Express Newspapers (Bombay) Ltd.
