Mumbai-based pharmaceutical firm Ajanta Pharma posted a 55% increase in profits for the quarter ending 31 December 2010.
The company’s net profit increased to approximately R110m, up from R76.9m reported in the corresponding period of the previous year.
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Ajanta’s net sales grew 27.3%, while earnings per share increased to R10.21.
For the nine months ending December 2010, the company’s net sales grew by 21% to approximately R331m, up from R273m reported in the same period of the previous year.
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