Business

Wockhardt achieves higher profit

Wockhardt has achieved a higher net profit of Rs. 23.70 crores for the first quarter ended March 31, 2002 against Rs. 17.30 crores in the corresponding period of the previous year. Income from operations was higher at Rs. 165.30 crores against Rs. 130.30 crores. The gross profit before interest, depreciation and tax has risen to Rs. 31.20 crores from Rs. 24.70 crores. Interest charges claimed Rs. 2 crores (Rs. 3.70 crores). The provision for depreciation is Rs. 3.30 crores (Rs. 2.70 crores) and taxation Rs. 1.80 crores (Rs. 1 crore). On a consolidated basis, including the U.K. subsidiary, Wallis Laboratory, sales were higher at Rs. 185 crores and net profit at Rs. 26 crores.

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