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Dr. Reddy's Laboratories Loss Narrows |
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9:37 AM EDT May 31 2006 |
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Dr. Reddy's Laboratories, pharmaceutical producer, reported that Q4 loss narrowed to 236 million rupees ($5 million) against 520 million ($11 million) in the year-ago period on 64% higher revenue. Revenue amounted to 6.97 billion rupees ($157 million) from 4.25 billion ($96 million). Revenue aside from acquisitions rose 29% to 5.5 billion rupees, the company announced. Gross-profit margin narrowed to 42% of revenue. That resulted, the company said, from a smaller proportion of revenue from international branded products and thinner profit margins in the U.K. Some 11% of revenue came from Mexico, where profit margins are below the company average. Selling, general and administrative expense rose 32% to 2.3 billion rupees, the company added. |
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