• PAGE ONE
• INDEX
• HOME

Shasun Chem's net down 19%

Our Bureau

CHENNAI, Oct. 29

SHASUN Chemicals and Drugs Ltd has registered a net profit of Rs 2.73 crore during the second quarter of 2001-2002, a drop of 19.23 per cent from Rs 3.38 crore in the previous corresponding period.

However, the turnover registered a 23.37-per cent increase to Rs 55.69 crore from Rs 45.14 crore despite a drop in the net profit.

Gross profit stood at Rs 8.29 crore (Rs 7.97 crore); interest at Rs 2.30 crore (Rs 1.80 crore); depreciation was Rs 2.86 crore (Rs 2.59 crore) and provision for taxation was Rs 40 lakh (Rs 20 lakh).

In the first half of 2001-2002, the company registered a net profit of Rs 3.06 crore (Rs 5.54 crore) over a turnover of Rs 101.28 crore (81.66 crore).

In the fiscal 2000-2001, the company made a net profit of Rs 10.26 crore over a turnover of Rs 180.91 crore.

According to Mr Vimal Kumar, Finance Director, the drop in net profit was due to lower sales realisation in the domestic and international markets. While the sales to the premium international customers was low this year, in the domestic market the price of ibuprofen and ranitidine was down.