THE SLIP IS BEGINNING TO SHOW: RANBAXY LTD
Article Abstract:
Ranbaxy Ltd increased its turnover by 16 percent to Rs1,333.50 crore in 1997-98 against Rs1,148.20 crore in 1996-97. Its net profit increased to Rs186.70 crore from Rs160.40 crore. It increased its equity base to Rs53.70 crore from Rs49.40 crore through the allotment of 1.5 lakh shares at a premium of Rs630 per share to the Ranbaxy Employees Welfare Society under the employee stock option scheme. It also allotted 8.80 lakh shares at a premium of Rs115 per share on the conversion of warrants and 32.82 lakh shares to the shareholders of Crosland Research Laboratories. The company launched Cefaclor and Ranitidine in 1997-98. It has also introduced products for the cardio vascular, central nervous system and dermatological segments. It has started marketing a range of products from Eli Lilly. (khr)
Comment:
Increases turnover by 16% to Rs1,333.50 crore in 1997-98 against Rs1,148.20 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RANBAXY'S PAT SLIPS 8.9%, SALES UP 9.6%
Article Abstract:
Ranbaxy Laboratories Ltd (RLL), a pharmaceutical manufacturer, has posted a 8.9 percent fall in its net profit during the first half of 1998-99. During the period, it also posted a 9.6 percent rise in its sales and a 13 percent fall in the profit before tax. RLL also reported a 4.5 percent fall in the profit before depreciation and amortisation. During the period, RLL also posted a 9.8 percent rise in the domestic sales and a 9.2 percent rise in the global sales. (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RANBAXY ANNOUNCES 1:1 BONUS, Rs10 DIVIDEND
Article Abstract:
Ranbaxy Laboratories Ltd has announced a 1:1 bonus shares issue and a total dividend of Rs10 per share for 1997-98 against Rs8 per share paid in 1996-97. The company, which had paid an interim dividend of Rs2.25 per share in March 1998, has approved a final dividend of Rs7.75 per share. The company has decided to increase its authorised share capital to Rs151 crore from Rs70 crore due to the proposed bonus issue. (khr)
Comment:
Announces 1:1 bonus shares issue and total dividend of Rs10 per share for 1997-98 against Rs8 per share paid in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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