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Tuesday, January 16, 2001
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India's
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Morepen Labs 9-month net at Rs 63 cr
Our Corporate Bureau
New Delhi, Jan 15: Buoyed by a 91 per cent growth during the third quarter ended December 2000, the board of Morepen Laboratories has announced an interim dividend of 25 per cent for the year ending March 2001. The company has a paid-up equity capital of Rs 18.10 crore. For the year ended March 2000, Morepen had declared a dividend of 35 per cent.For the nine months ended December, Morepen reported a turnover of Rs 323 crore and a net profit of Rs 63.2 core. The net profit has already surpassed the full-year profit of Rs 51 crore reported in 1999-2000. Chairman and managing director of the company Sushi Suri said he was delighted with its excellent performance. The forthcoming alliances will further strengthen the company's base in the pharmaceutical industry. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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Copyright 2001: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the
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