Financial Daily from THE HINDU group of publications
Wednesday, May 24, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 24, 2006 |
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Corporate Results
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Pharmaceuticals Torrent Pharma posts Rs 1.7-cr loss in Q4 Our Bureau
Mumbai , May 23 Torrent Pharmaceuticals Ltd has posted a net loss of Rs 1.7 crore for the fourth quarter ended March 31, 2006, as compared to a net profit of Rs 3.3 crore for the quarter ended March 31, 2005. Total income (net of excise) has increased to Rs 153.51 crore (Rs 106.04 crore), the company told the Bombay Stock Exchange. The company posted a net profit of Rs 65.83 crore for the year ended March 31, 2006 (Rs 52.92 crore). Total income (net of excise) has increased to Rs 693.27 crore (Rs 501.75 crore). Torrent Pharma's board has also approved raising of up to $150 million by issuing equity or equity-linked securities in the domestic and/or overseas capital markets, a company statement said. The funds are meant to finance prospective acquisition opportunities. The board has also recommended a dividend of Rs 2.5 per share of Rs 5 each.
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