Syngene International on Tuesday said its net profit for second quarter ended September 30, 2015, stood at Rs.52.3 crore registering an increase of 31 per cent compared to the same period last year.
The total income of the company for the July-September period was Rs.261.4 crore against Rs.201.9 crore. This is the Bengaluru-based company’s debut results after it went public in August.
Commenting on the company’s performance Peter Bains, Executive Director and Chief Executive Officer, Syngene said, “We are very pleased to report a comprehensively strong set of numbers for HI FY16. We have witnessed sustained momentum in our business across our dedicated centres, discovery and development service platforms.”
ADVERTISEMENT
Syngene appointed Dr Thomas Privette as the head of business development and Dr Gregory Bisacchi as the head of discovery chemistry.