NATCO declares interim dividend; Sales, Profits up !!!
Feb 09th 2012
Hyderabad based NATCO Pharma Limited has posted an aggregate revenues of Rs. 405 Crores for the nine month period ended on 31st December, 2011, an increase of 10% over that recorded for the nine month period ended on 31st December, 2010. The company posted a net profit, after tax, of Rs. 47 Crores (Rs. 39 Crores for 2010) for the nine month period ended on 31st December
The revenues for the quarter ended on 31st December, 2011 stand at Rs. 145 Crores as compared to Rs. 133 Crores for the three months ended on 30th September, 2011. The net profit after tax, for the same period stand at Rs. 1700 lakhs as compared to Rs. 1594 lakhs.
The growth was driven by increased API sales and formulation exports.
The Board had recommended the payment of an interim dividend of Rs. 3/- per share. (2010- Rs. 2/- per share).