Suven Life Sciences net doubles

Our Bureau Hyderabad | Updated on March 12, 2018 Published on August 13, 2013

Suven Life Sciences Ltd’s net profit more than doubled at Rs 30 crore in the first quarter ended June 30 compared with Rs 7.90 crore in the year-ago period.

As per the unaudited results of the company announced here on Tuesday, the Hyderabad-based company’s increased to Rs 111.8 crore (Rs 71 crore).

The growth in profit was a result of the commercialisation of two products under contract research and manufacturing services besides increase in sales of two regular products.

A dividend of 30 paise per share (30 per cent of face value of Rs 1 each) for the accounting year 2012-13 was approved in the annual general meeting, it added.

Published on August 13, 2013
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