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Our Bureau

Hyderabad , Jan. 29

NATCO Pharma Ltd posted a turnover of Rs 45.34 crore for the third quarter ended December 2004 against Rs 40.05 crore in the corresponding quarter of previous fiscal and a net profit of Rs 5.13 crore (Rs 4.84 crore).

For the nine-month period, the company posted a net profit of Rs 16.69 crore (Rs 12.9 crore) on a turnover of Rs 134.17 crore (Rs 111.06 crore), yielding earnings per shareof Rs 7.14 (Rs 5.52) on an equity base of Rs 23.38 crore.

The improved performance for the quarter can be attributed to better sales and profits recorded by the formulations division as well as job works. For the quarter, the company achieved Rs 17.56 crore of turnover from formulations against Rs 14.87 crore in the previous year period. The profit from formulations stood at Rs 62 lakh compared with a loss of Rs 60 lakh. The company earned a profit of Rs 2.07 crore from job works (Rs 1.26 crore).

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