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Our Bureau

Mumbai, Jan. 24

Opto Circuits (India) Ltd (OCI), a manufacturer of healthcare equipment, has registered a 97.90 per cent increase in net profit at Rs 19.83 crore (Rs 10.02 crore) for the quarter ended December 31, 2006. Net sales grew 71.62 per cent to Rs 55.23 crore (Rs 32.18 crore). For the quarter, OCI posted consolidated sales of Rs 167.36 crore (Rs 96.67 crore), an increase of 73 per cent while net profit grew 85 per cent to Rs 49.01 crore (Rs 26.43 crore).

"The company has registered itself in 29 countries and is happy with the clinical results of various procedures carried out. The R&D efforts for the launch of new monitors are progressing well and the FDA approval for the new patient monitors is awaited," said Mr Vinod Ramnani, Chairman & Managing Director, OCI. Shares of the company fell 0.66 per cent to close at Rs 333.35 on the BSE.

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