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NEW DELHI: Panacea Biotec has posted a net profit of Rs 7.36 crore for the quarter ended March 31, 2005, against Rs 0.44 crore in the same quarter the previous year. Operating profit has increased by 42 per cent to touch Rs 14.93 crore (Rs 10.52 crore).

The company has achieved record turnover of Rs 335.76 crore (Rs 272.15 crore) for the 2004-05 fiscal, a growth of 23 per cent, stated a company release. Operating profit during the period was Rs 72.13 crore (Rs 42.43 crore). The company recorded a net profit of Rs 30.06 crore (Rs 16.45 crore), up by 83 per cent. The board of directors has recommended a dividend of 150 per cent on the paid-up equity share capital.

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