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Dr Reddy's net up 89 percent in 2008-09
Tuesday, 19 May 2009, 00:35 IST
Hyderabad: City-based drug major Dr Reddy's Laboratories Monday reported 89 percent jump in net profits to 
850 crore ($167 million) in 2008-09 from 450 crore the year before.
The total income of the company grew 39 percent to 6,940 crore last fiscal from 5,000 crore in 2007-08, the company said in a regulatory filing.
Dr Reddy's, which booked a forex loss of 63.4 crore for the fiscal, owed its growth to the successful launch of the generic version of GlaxoSmithKline's Imitrex in November 2008. The drug is used to treat migraines.
Source: IANS
850 crore ($167 million) in 2008-09 from 450 crore the year before.
The total income of the company grew 39 percent to 6,940 crore last fiscal from 5,000 crore in 2007-08, the company said in a regulatory filing.
Dr Reddy's, which booked a forex loss of 63.4 crore for the fiscal, owed its growth to the successful launch of the generic version of GlaxoSmithKline's Imitrex in November 2008. The drug is used to treat migraines.
Source: IANS