Navigation Links
Neuland Labs Reports First Quarter Fiscal Year 2012 Financial Results
Date:8/5/2011

HYDERABAD, India, Aug. 5, 2011 /PRNewswire/ -- Neuland Laboratories Ltd., (NSE:NEULANDLAB; BOM:524558) a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates, and contract research and manufacturing services to customers located in 85 countries, today announced financial results for the first quarter of fiscal year (FY) 2012, ended June 30, 2011.

"We are pleased to report that in the first quarter of the new fiscal year we continued to achieve the good sales growth momentum we began to generate in fiscal year 2011," said Dr. D.R. Rao, Chairman and Managing Director of Neuland Labs.  "We also continued to make progress on managing our costs of production and overall expenses, enabling the company to achieve a profitable quarter."

Revenues for the first quarter of FY 2012 were $23.2 million (1.04 billion INR*) compared to revenues in the first quarter of FY 2011 of $20.3 million (0.9 billion INR), an increase of 14.5%.  The increase in revenues primarily reflects gains in sales of the company's products and services from its API, Contract Research and Manufacturing, and Peptides synthesis businesses.

Neuland reported EBITDA of $1.85 million (82.58 million INR) in the first quarter of FY 2012, compared to EBITDA of $0.53 million (23.41 million INR) in the comparable period in FY 2011, an increase of 249%.  After-tax profits in the first quarter of FY 2012 were $0.19 million (8.59 million INR), compared to a net loss of $1.08 million (47.65 million INR) in the first quarter of FY 2011.

"A notable event during the first quarter was our announcement of Neuland's new commercial-scale peptide manufacturing service at a symposium for leading peptide experts from around the world," noted Sucheth R. Davuluri, Chief Executive Officer of Neuland Labs.  "Our experience in producing synthetic peptides of varying lengths and complexity parallels their increasing use as therapeutics and diagnostics and in biomedical research.  This expanded service, which provides customers rapid access to commercial quantities of affordable, high quality peptides, reflects our commitment to expanding our high value-added products and services."

For a complete set of Neuland's FY 2012 and FY 2011 financial data, visit http://neulandlabs.com/about/financials.html.

Neuland Laboratories is listed on India's National Stock Exchange under the symbol NEULANDLAB and on the Bombay Stock Exchange under code 524558 and the symbol Neuland.EO.  

Neuland Laboratories Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an offer on a rights basis of its equity shares, in the near future and is in the process of filing an offer document in this regard with the Securities and Exchange Board of India (SEBI).

* = Indian rupees

About Neuland Labs  

For over 25 years Neuland Labs has been at the forefront of supporting drug development through its consulting services and its cGMP contract and API manufacturing.  The company is committed to research, supporting a state-of-the-art R&D operation.  Neuland Labs scientists have developed more than 300 processes from bench scale to commercial production and filed more than 400 drug master files worldwide.  Its manufacturing facilities are inspected and approved by the FDA and other leading regulatory agencies. Its record of quality manufacturing and reliability is highlighted by cGMP certifications that include the FDA, TGA, EDQM, German Health Authority, ISO 14001, ISO 27001 and OHSAS 18001. For more information, visit www.NeulandLabs.com. Contacts:Neuland Laboratories Ltd.

US MediaNS Viswanathan

BioCom Partners/Brandwidth SolutionsVice President- Finance

Barbara Lindheim+91 40 30211600

+1 212 918-4650nsviswanathan@neulandlabs.com

blindheim@biocompartners.com
'/>"/>

SOURCE Neuland Laboratories Ltd.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Neuland Labs Launches Expanded Peptide Manufacturing Capabilities at 22nd American Peptide Symposium
2. Neuland Labs Reports Financial Results for Fiscal Year 2011
3. OncoGenex Pharmaceuticals, Inc. Reports Financial Results for Second Quarter 2011 and Provides Update on Development Activities
4. HeartWare International Reports Second Quarter 2011 Revenues of $20.4 Million; 109% Increase From $9.8 Million in Second Quarter 2010
5. Cumberland Pharmaceuticals Reports Second Quarter 2011 Financial Results
6. Isis Reports Financial Results and Highlights for Second Quarter 2011
7. Nektar Therapeutics Reports Second Quarter 2011 Financial Results
8. Valeant Pharmaceuticals Reports 2011 Second Quarter Financial Results
9. Optimer Pharmaceuticals Reports Second Quarter 2011 Financial Results
10. Symmetry Medical Reports Second Quarter 2011 Financial Results
11. MAP Pharmaceuticals Reports Second Quarter of 2011 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/11/2017)... , Oct. 11, 2017  Caris Life Sciences ® ... fulfilling the promise of precision medicine, today announced that ... Caris, Precision Oncology Alliance™ (POA) as its 17 th ... the St. Jude Crosson Cancer Institute will help develop ... use of tumor profiling, making cancer treatment more precise ...
(Date:10/11/2017)... 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), today ... Las Piedras, Puerto Rico , where ... Following a comprehensive ... minor structural damage, temporary loss of power and minimal ... completed, manufacturing operations have resumed, and the company expects ...
(Date:10/10/2017)... EXTON, Pa. , Oct. 10, 2017   ... leader in innovative solutions for injectable drug administration, today ... of West,s ID Adapter for improving the intradermal administration ... the Fourth Skin Vaccination Summit in May 2017 by ... Team Lead, Polio Department, World Health Organization (WHO), and ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... While it’s often important to take ... an inventor from Austin, Texas, has identified a solution. , She developed a prototype ... restricted lighting. As such, it eliminates the need to turn on a light when ...
(Date:10/13/2017)... ... ... PurhealthRX , a leading Health and Nutrition Company, is announcing the ... spectrum CBD oil will revolutionize the rapidly growing CBD market by reducing the amount ... into liquid products, while reducing costs to end users. , The team of researchers ...
(Date:10/13/2017)... ... October 13, 2017 , ... Apple Rehab Shelton Lakes , ... mock evacuation of the facility as part of a disaster drill on October 3rd. ... EMS and Shelton City Emergency Manager, as well as the Connecticut Long Term ...
(Date:10/13/2017)... New York, NY (PRWEB) , ... October 13, 2017 , ... ... most influential people in business to advocate for action towards gender equality at their ... 18,000 views from around the globe, and reached a social audience of over 3 ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor ... on sciatica in a new episode of "Success Files," which is an award-winning ... innovation and investigates each subject in-depth with passion and integrity. , Sciatica occurs ...
Breaking Medicine News(10 mins):