Date:01/02/2006 URL: http://www.thehindubusinessline.com/2006/02/01/stories/2006020102251500.htm

Back Elder Pharma Q3 net up 52 per cent

Our Bureau

Mumbai , Jan. 31

ELDER Pharmaceuticals Ltd has clocked a 52 per cent growth in net profit at Rs 10.74 crore for the three months ended December 31, 2005, as compared to Rs 7.02 crore for the same period in the previous year.

Income from operations has increased to Rs 94.41 crore for the period under review, as compared to Rs 79.67 crore for the corresponding quarter in the previous year, a company note said.

The higher net profit is from improved margins and rationalisation of product portfolio and better direct cost and expense management, among other things, the note added.