Financial Daily from THE HINDU group of publications
Friday, Oct 22, 2004
Financial Daily from THE HINDU group of publications Friday, Oct 22, 2004 |
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Corporate Results
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Pharmaceuticals Orchid Chem PAT down 42 pc Our Bureau
CHENNAI: Orchid Chemicals & Pharmaceuticals recorded a profit after tax of Rs 8.65 crore (Rs 14.86 crore) in the first half of 2004-05, lower by 41.79 per cent in relation to the corresponding period of the previous year. A 29.28 per cent increase in Orchid's interest expense in the first half of 2004-05 was largely responsible for the fall in profit. Interest expense stood at Rs 35.80 crore (Rs 27.69 crore). Orchid's sales stood at Rs 337.63 crore (Rs 338.90 crore). In the second quarter (July-September) of 2004-05, Orchid registered a profit after tax of Rs 3.95 crore (Rs 7.30 crore) on sales of Rs 163.77 crore (Rs 163.95 crore).
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