Date:26/10/2005 URL: http://www.thehindubusinessline.com/2005/10/26/stories/2005102603680400.htm

Back JB Chem net profit up 12 pc

Our Bureau

MUMBAI: The Mumbai-based JB Chemicals and Pharmaceuticals Ltd has posted a profit after tax of Rs 24.5 crore for the quarter ended September 30, 2005.

This was up 12 per cent as compared to Rs 21.9 crore for the same period ended September 30, 2004.

Total income (net of excise) has increased from Rs 107.4 crore in Q2-05 to Rs 131.2 crore for the quarter ended September 30, the company told the Bombay Stock Exchange.

The company's performance was driven by higher exports, a note from JB Chemicals has said. The company's board has also recommended an interim dividend of Rs 1.10 (55 per cent) per equity share on equity shares of Rs 2 each for the financial year 2005-06.

The is investing Rs 65 crore in new facilities to make large and small volume parentals and a multi-purpose bulk drug plant, both in Panoli.

The new facilities are expected to go on stream around June 2006, a company note said.