NATCO records higher earnings, higher profits
Feb 14th 2011
The Board of the Hyderabad based NATCO Pharma Limited had recommended an interim dividend of Rs. 2 per share, payable on 10th March, 2011.
The Board, which met in Hyderabad today, considered the financial results of the Company for the quarter and nine months ended on 31st December, 2010.
The Company recorded revenues of Rs. 118 Crores for the quarter (Rs. 367 Crores for the nine -month period) ended on 31st December, 2010, as against Rs. 117 Crores and Rs. 347 Crores for the same period last year.
The company earned a net profit, after tax, of Rs. 1372 lakhs (up by 13%) for the quarter and Rs. 3913 lakhs for the nine month period ended on 31st December, 2010 as against Rs. 1214 lakhs and Rs. 3368 lakhs respectively for the same period last year. The company has accounted for a loss of nearly Rs. 300 lakhs on account of the sale of one of the retail stores in USA.