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RPG Life Sciences’ FY10-11 profit after tax rises 17.69% to Rs12.71 crore

RPG Life Sciences has clocked a 15.2% growth in its net sales at Rs184.19 crore in FY11 against Rs159.85 crore in the year-ago period

RPG Life Sciences said that it has clocked a 15.2% growth in its net sales at Rs184.19 crore in FY11 against Rs159.85 crore in the year-ago period.

Its profit after tax (PAT) grew 17.69% to Rs12.71 crore in FY11 as against Rs10.80-crore in the year-ago period, a press release stated.

In Q4 FY 11, the company's net sales stood at Rs52.32 crore against Rs44.39 crore in the corresponding quarter of the previous year, a growth of 17.86%.
Its PAT grew 15.50% to Rs4.32 crore from Rs3.74 crore in the corresponding quarter previous year, the release said.

The Board of Directors of the company has recommended a dividend of Rs1.60 per share (20%) for the year ended 31 March 2011.

"Many initiatives in terms of new products development, expansion of field force, productivity improvement and geographical expansions undertaken during the year to fuel the long-term growth of the company have started yielding results.

The company has performed well and we are confident of maintaining the growth momentum in the year ahead," the company's managing director, Ajit Singh Chouhan, said.

In the early afternoon, shares of RPG Life Sciences were trading 1.99% up at Rs81.95 on the Bombay Stock Exchange.

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Global Offshore reports standalone net profit of Rs42.92 crore for FY10-11

Global Offshore Services standalone net profit for the financial year ended 31 March 2011 stood at Rs42.92 crore compared to Rs40.71 crore for the last fiscal

Global Offshore Services (formerly Garware Offshore Services) said that its standalone net profit for the financial year ended 31 March 2011 stood at Rs42.92 crore compared to Rs40.71 crore for the last fiscal.

The company's total income for the FY10-11 declined to Rs171.47 crore from Rs181.47 crore in the last year.

The company has declared a third interim dividend of 5% for the FY10-11. The total interim dividend declared for the FY10-11 is 19%. Global Offshore operates a total fleet of 13 vessels.

In the early afternoon, shares of Global Offshore were trading 2.64% down at Rs128.95 on the Bombay Stock Exchange.

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