BWI: Unichem Revenues Grow by 11%

Press release from Business Wire India
Source: Unichem Laboratories Limited
Thursday, July 22, 2010 01:41 PM IST (08:11 AM GMT)
Editors: General: Consumer interest; Business: Business services, Financial Analyst, Healthcare, biotechnology & pharmaceutical, Stock exchanges; Healthcare
--------------------------------------------------
Unichem Revenues Grow by 11%


Mumbai, Maharashtra, India, Thursday, July 22, 2010 -- (Business Wire India) -- The Board of Directors of Unichem Laboratories Ltd at their meeting held on July 22, 2010 approved the First Quarter [Q1] and Annual Audited Results for FY 2009-10.

The Company recorded a total income of Rs. 187.49 Crore for the quarter ended 30th June 2010 as against Rs. 169.33 Crore in the corresponding quarter of the previous year, showing an increase of 10.72%. The Company recorded a Profit before interest & exceptional items of Rs. 43.62 Crore as against Rs. 40.80 Crore in the corresponding quarter of the previous year showing an increase of 6.91%.

The Company recorded a Net Profit of Rs. 33.35 Crore as against Rs. 32.39 Crore in the corresponding quarter of the previous year.

The EPS for the quarter was Rs. 9.19 as against Rs. 8.96 for the corresponding quarter of the previous financial year. The Board approved Split of face value of Equity Share from Rs. 5/- per equity share to Rs. 2/- per equity share subject to approval of shareholders in the forthcoming general meeting.

About Unichem Laboratories Limited

Unichem Laboratories Limited is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world. In India, the company is a leader in niche therapy areas of cardiology, neurology, and orthopedics and anti-infectives. The company has strong skills in product development, process chemistry and manufacturing of complex API as well as dosage forms.

More information about the company can be found at www.unichemlabs.com


CONTACT DETAILS
Mr. M Gundu Rao, Unichem Laboratories Limited, +91 9820228944 / +91 (22) 66888380, gundurao@unichemlabs.com
Mr. Rakesh Parikh, Unichem Laboratories Limited, +91 9892925555 / +91 (22) 66888414, rparikh@unichemlabs.com
Mr. K Subharaman, Unichem Laboratories Limited, +91 9833031121 / +91 (22) 66888404, subharamank@unichemlabs.com

KEYWORDS
CONSUMER, BUSINESS SERVICES, Financial Analyst, HEALTHCARE, STOCK EXCHANGES, HEALTHCARE, UNICHEMLAB.BO, UNICHEMLAB.NS

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com