Dabur Pharma announces Q3 Financial Results

India's leading oncology player, Dabur Pharma today announced its unaudited financial results for the third quarter

New Delhi, Delhi, IND, 2008-01-31 11:00:00 (IndiaPRwire.com)

Dabur Pharma Limited, India’s leading oncology player, today announced its unaudited financial results for the third quarter ended December 31, 2007. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 30, 2008.

The company recorded a growth of 15% in profit before tax (PBT) on the backdrop of strong portfolio management and cost measures. The Sales during the period was lower at Rs. 67.8 Crores versus Rs.81.1 Crores for the same period last year because of sale of non-oncology business of the company in April, 2007 and also due to appreciation of Indian Rupee vis-à-vis United States Dollar last year.

Commenting on the performance Mr. Ajay Kumar Vij, CEO, Dabur Pharma Ltd., said “Our global expansion in the field of oncology has started generating positive returns. This coupled with the strong foundation that we are laying in this therapeutic area should help us achieve a leadership position amongst oncology companies worldwide”

FINANCIAL HIGHLIGHTS

· EBITDA up by 13 % to Rs.15.77 Crores during the same period

· PBT up by 15% to Rs.11.91 Crores during the same period

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ABOUT DABUR PHARMA

Dabur Pharma Ltd. is committed to the discovery, development and marketing of drugs that fight cancer. Dedicated to its mission of making cancer therapy available to more and more people, it has been expanding ever since inception. The Company is the leader in the Indian Oncology market and it offers a complete range of products in this segment spanning across Injectables, Orals, Intermediates and APIs and is present in over 40 countries.

For further details, please contact:
Corporate Communications - Dabur Pharma Limited
PH: 011-30611300 Fax: 011-2619 5907
Priyank Guha @ 9910684895; Kapil Dhawan @ 9810423882

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Neeraj Mahajan
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