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cipla

Cipla FY’10 net profit up by 40%

Posted on June 26th, 2010 in cipla, Company Results, India Shares, Pharmaceutical Sector

Leading drug maker of the country Cipla has announced its year-end financial results for the fiscal year 2009-10 and it has posted an impressive rise in net profit figure.

The company has posted a net profit of Rs 1,082.59 crore for the financial year that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 771.02 crore for the financial year 2008-09. This net profit figure has grown up by 40.41 % in this year as compared to the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange.

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Cipla stock gains as it announces acquisition plans

Posted on June 16th, 2010 in cipla, Company Updates, India, India Shares, Pharmaceutical Sector

Stock price of the drug company, Cipla gained marginally on the stock markets today to close at Rs.337.85.

The gain came after the company announced that is going to acquire significant stakes in two bio tech companies for $65 million.

One of the firms is situated in Goa while the other one is stationed at Shanghai. The step has been taken by Cipla so that it is able to consolidate its presence in the growing sector of bio-technology.

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