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(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 ...