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JB CHEMICALS POSTS 2.3% GROWTH DURING 1Q 2003-2004. [1 TABLE] (registered an 8.8% rise in net profits).

Asia Africa Intelligence Wire

| July 31, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

JB Chemicals and Pharmaceuticals registered an 8.8% rise in net profits at Rs925.2 M and a 2.3% increase in net sales at Rs6311.8 M during 1Q 2003-2004 as against net profit of Rs850.6 M and net sales of Rs6168.3 M in 1Q 2002-2003. The net profit during 1Q 2003-2004 is lower than estimates of Rs1032.9 M and net sales are also lower than the estimated Rs6.8 bn.

The lower sales are due to a slow down in the pharmaceutical ...

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