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Our Bureau

Mumbai , Aug. 17

ELDER Pharmaceuticals Ltd has recommended a dividend of 25 per cent for the year ended March 2005.

The Mumbai-based company clocked a net profit of Rs 7.02 crore for the three-month period ended June 2005 against Rs 5.37 crore earned in the year-ago period. Income from operations stood at Rs 90.64 crore (Rs 71.31 crore) for the period under review this year. Elder clocked a net profit growth of 23.72 per cent at Rs 20.39 crore for the year ended March 2005. Its income from operations was Rs 304.86 crore, up 13.05 per cent from the previous year's Rs 269.64 crore.

The improved performance is a result of Elder's initiatives in strengthening its product portfolio, besides focussing on leveraging its distribution and marketing set up, said a note issued here after the company's board meeting.

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Elder Pharma Q1 net up at Rs 7.02 cr

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