Financial Daily
from THE HINDU group of publications
Tuesday, May 01, 2001
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Financial Daily from THE HINDU group of publications Tuesday, May 01, 2001 |
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Panacea Biotech net profit at Rs 35.14 crore
NEW DELHI: Panacea Biotech Ltd has reported a net profit of Rs 35.14 crore (Rs 25.93 crore) for the financial year ended March 31, 2001. Income grew by 19 per cent to Rs 231.57 crore (Rs 194.24 crore).
The company's net profit for the fourth quarter ended March 31, 2001 grew by 33 per cent to Rs 11.04 crore while income rose to Rs 61.15 crore.
``Efficient management and proper resource utilisation coupled with new product introduced during the year has resulted in not only healthy sales growth, but also improved the bottomline,'' said Mr Sunil Kapoor, Director. -- Our Bureau
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