For the first quarter of 2010, the company posted a EBITDA of $298m, compared to loss of $201m for the prior year period. Profit after tax (PAT) was $210m, compared to loss of $153m for the year ago period. Operational PAT, excluding forex translations, was $143m, compared to loss of $5m for the prior year period.
Atul Sobti, CEO and managing director of Ranbaxy, said: “Solid growth in key geographies, along with optimal delivery value from First-to-File opportunities in the USA, ensured that we achieved yet another quarter of strong operational performance. We also launched Project Viraat, a comprehensive program aimed at India leadership, in January, 2010.”
Will Ranbaxy continue at same pace in Q2?
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