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CORPORATE: Matrix Lab net more than doubles.
from BUSINESS LINE, October 31, 2008 Hyderabad, Oct. 30 - Matrix Laboratories Ltd's net profit more than doubled at Rs 49.66 crore in the quarter ended September 30, 2008, compared with Rs 13.64 crore in the corresponding quarter of previous financial year. This was driven by strong performance in its pharmaceuticals and medical supplies segments, the Hyderabad- based company informed the BSE.
The earnings per share stood at Rs 3.21 against Rs 0.88 in the year- ago period.
The total revenue increased 56.7 per cent at Rs 334.2 crore (Rs 213.2 crore). The board of the directors had approved the conversion of 6,718 partly …
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