WOCKHARDT H1 NET UP 7% TO RS 39 CR, TO PAY 35%
Article Abstract:
Wockhardt Ltd posted net profit of Rs39 crore for the first half of 1998-99 ended December 31, 1998. The net profit was seven percent higher compared to Rs36.3 crore recorded during H1 1997-98. The company announced an interim dividend of 35 percent to its share holders. The income from operations was Rs258.5 crore (27 percent increase from Rs204 crore). Company paid Rs10.6 crore as interest. The company improved its position in the ORG retail audit of formulations from ninth to fifth. (um)(psr)
Comment:
Wockhardt Ltd posted net profit of Rs39 crore for the first half of 1998-99 ended December 31, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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WOCKHARDT TO SET UP Rs15-CR KIDNEY HOSPITAL
Article Abstract:
Wockhardt Ltd will commission the Wockhardt Hospital and Kidney Institute at Calcutta in 1999. The company is setting up the institute at a cost of Rs15 crore as part of its interest in healthcare. The hospital will specialise in all aspects of kidney management including the removal of kidney stones. The company, which already runs the Wockhardt Hospital and Heart Institute at Bangalore, says that the kidney institute will be the first of its kind in the eastern region of the country. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WOCKHARDT Q1 NET UP 18% TO Rs23.4 CRORE
Article Abstract:
Wockhardt Ltd has posted an 18 percent increase in net profit to Rs23.4 crore in the first quarter ended September 30, 1998 (Rs19.9 crore for the first quarter ended September 30, 1997). Its sales grew by 32 percent to Rs153 crore (Rs115.6 crore). It has incurred an interest burden of Rs5.8 crore. It has allocated Rs3.9 crore for depreciation (Rs3.2 crore) and Rs1.1 crore for tax (Rs1 crore). (gs)
Comment:
Wockhardt Ltd has posted an 18 percent increase in net profit to Rs23.4 crore in the first quarter ended September 30, 1998 (Rs19.9 crore for the first quarter ended September 30, 1997).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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