Caraco Pharmaceutical Laboratories, Ltd. Reports Results for the First Quarter of Fiscal...(s to differ materially from those descri...)

Date:7/25/2008

s to differ materially from those described in the forward- looking statements. These risks and uncertainties are contained in the Corporation's filings with the Securities and Exchange Commission, including Item 1A to the Corporation's annual report on Form 10-K, and include, but are not limited to: information of a preliminary nature that may be subject to adjustment, potentially not obtaining or delay in obtaining FDA approval for new products, governmental restrictions on the sale of certain products, development by competitors of new or superior products or less expensive products or new technology for the production of products, the entry into the market of new competitors, market and customer acceptance and demand for new pharmaceutical products, availability of raw materials, timing and success of product development and launches, dependence on few products generating majority of sales, product liability claims for which the Company may be inadequately insured, and other risks identified in this report and from time to time in our periodic reports and registration statements. These forward- looking statements represent our judgment as of the date of this report. We disclaim, however, any intent or obligation to update our forward-looking statements.

Financial Statements to Follow

CARACO PHARMACEUTICAL LABORATORIES, LTD.

(A subsidiary of Sun Pharmaceutical Industries Limited)

STATEMENTS OF INCOME (UNAUDITED)

Quarter ended June 30,

2008 2007

Net sales $108,276,740 $35,400,317

Cost of goods sold 84,693,329 19,532,539

Gross profit 23,583,411 15,867,778

Selling, general and administrative

expenses
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SOURCE Caraco Pharmaceutical Laboratories, Ltd. Copyright©2008 PR Newswire. All rights reserved

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