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Ranbaxy pays 100 p.c. final

By Our Corporate Reporter

CHENNAI APRIL 29. Ranbaxy Laboratories and its subsidiaries recorded net consolidated a sales of Rs. 3,713.80 crores ($764 million) in the year ended December 31, 2002 against Rs. 2,685.40 crores ($569 million), a growth of 38 per cent. The profit before interest, depreciation and amortisation was Rs. 879.60 crores against Rs. 486.60 crores. The profit, after tax (including deferred tax) and minority interest to Rs. 647 crores from Rs. 260.50 crores.

For the year ended December 31, 2002, Ranbaxy Laboratories recorded a sales of Rs. 2889.40 crores against Rs. 2,054.50 crores, a growth of 41 per cent. Exports at Rs. 1,850.30 crores against Rs. 1,029.10 crores, constituted 64 per cent to total sales. Net sales (after deducting trade discounts) were higher by 43 per cent at Rs. 2,768.70 crores against Rs. 1,942 crores).

The profit after tax (and deferred tax) to Rs. 623.60 crores from Rs. 252 crores.

The board has recommended a final dividend of Rs. 10 per share. Earlier in 2002, an interim dividend of Rs. 5 per share was paid on equity shares prior to the issue of bonus shares. The total dividend outgo for the year 2002 was Rs. 243.40 crores (Rs. 115.9 crores).

In the quarter ended March 31, 2003, Ranbaxy and its subsidiaries recorded net consolidated sales of Rs. 1,110.20 crores ($233 million) against Rs. 734.50 crores ($151 million) in the corresponding period last year. The profit after tax (including deferred tax) and minority interest has risen by 77 per cent to Rs. 172.90 crores ($977 million).

Ranbaxy recorded a sales of Rs. 1,049.30 crores in the quarter under reference against Rs. 552.90 crores. Net sales (after deducting trade discounts) were higher at Rs. 1,024.90 crores against Rs. 528.90 crores and the profit, after tax, at Rs. 279.80 crores against Rs. 94.90 crores.

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