Financial Daily from THE HINDU group of publications
Tuesday, Jan 20, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jan 20, 2004 |
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Corporate Results
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Pharmaceuticals Shasun Chem Q3 PAT up 28 pc Our Bureau
Chennai , Jan. 19 SHASUN Chemicals and Drugs recorded a profit after tax of Rs 5.55 crore in the third quarter of the current fiscal, an increase of 28.47 per cent over the same in the corresponding period last fiscal. The higher profit came on the back of net sales of Rs 70.61 crore (Rs 61.52 crore) in the quarter. For the first nine months of the current fiscal, the company's profit after tax was Rs 13.58 crore (Rs 9.44 crore) on the back of net sales of Rs 200 crore (Rs 179 crore). During the course of the third quarter, Shasun made a preferential allotment of 9.10 lakh equity shares at a price of Rs 244 for each share to GMO Emerging Market Fund, US. The fund's holding in the company is close to 10 per cent.
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