Biotechnology firm Biocon Ltd on Thursday said its consolidated net profit has jumped nearly four-fold at Rs 57.55 crore for the quarter ended June 30, 2009, over the same period last year. The company had a net profit of Rs 15.02 crore in the same period last year, Biocon Ltd said in a filing to the Bombay Stock Exchange (BSE). "We are making excellent progress on the research front with several programs approaching a licensing potential. We expect the quarters ahead to remain robust and we hope to end the year on a strong note both in revenues and profitability," Biocon Ltd CMD Kiran Mazumdar Shaw said. Total income rose to Rs 505.29 crore in the latest quarter, against Rs 276.53 crore in the same quarter previous fiscal. On a standalone basis, the company has posted a net profit of Rs 47.55 crore for the June quarter current fiscal, up 58.44 per cent from Rs 30.01 crore in the same period last year. Total income rose to Rs 258.71 crore in the quarter under review, against Rs 237.46 crore in the same period previous fiscal.Source:www.hindu.com/thehindu/holnus/006200907231152.htm
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