Medindia

X

Bio-pharmaceutical Company Bioconís Net Profit Surges by 20.23% in 2014-2015

by Vishnuprasad on  May 2, 2015 at 3:28 PM Press Release   - G J E 4
Bengaluru based bio-pharmaceutical company Biocon has announced that its consolidated net profit rose by 20.23 percent to Rs.497.43 crore for fiscal 2014-2015 compared to the profit of Rs.413.72 crore in 2013-14.
Bio-pharmaceutical Company Bioconís Net Profit Surges by 20.23% in 2014-2015
Bio-pharmaceutical Company Bioconís Net Profit Surges by 20.23% in 2014-2015
Advertisement

The company's consolidated net revenue for the period under review stood at Rs.3,089.81 crore against Rs.2,877.31 crore in implying an increase of 7.39 percent.

Advertisement
Its net profits during January-March 2015 surged by a whopping 78 percent at Rs.201.54 crore of which Rs. 105 crores came in as a result of the sale of its stakes in Syngene. The profits during January-March 2014 was registered at Rs. 90.93 crore.

In a statement, chief managing director Kiran Mazumdar-Shaw said: "As we move into the fiscal year 2016, we are clearly seeing our biosimilar strategy playing out with greater clarity, credibility and traction visible across our portfolio of biologics as they advance in clinical development. We continue to make investments in Research and Development as a strong future value driver."

Source: Medindia
Advertisement

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
Notify me when reply is posted I agree to the terms and conditions

You May Also Like

Advertisement
View All