Navigation Links
Neuland Labs Reports First Quarter Fiscal Year 2014 Financial Results
Date:8/2/2013

HYDERABAD, India, Aug. 2, 2013 /PRNewswire/ -- Neuland Laboratories Ltd., (NSE:NEULANDLAB; BOM:524558) a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates and contract manufacturing services to customers located in 85 countries, today announced financial results for the first quarter of fiscal year (FY) 2014, ended June 30, 2013.

"Neuland reported continued progress on our campaign to reduce costs and increase profitability in the first quarter," said Dr. D.R. Rao, Chairman and Managing Director of Neuland Labs. "Our focus on better managing our costs of production and overall expenses resulted in profits that were treble those reported in the comparable quarter of last year, despite the challenges posed by the continued weakness in the Indian rupee."

Revenues for the first quarter of FY 2014 were $20.27 million (1.21 billion INR*) compared to revenues in the first quarter of FY 2013 of $21.15 million (1.27 billion INR), a decrease of 4%.

Neuland reported EBITDA of $3.44 million (206.0 million INR) in the first quarter of FY 2014, compared to EBITDA of $2.60 million (155.71 million INR) in the comparable period in FY 2013, an increase of 32%.

After-tax profits in the first quarter of FY 2014 were $1.31 million (78.11 million INR), compared to after-tax profits of $0.51 million (30.8 million INR) in the first quarter of FY 2013, an increase of 157%.

"Neuland is also making progress on our strategic objective of strengthening our product mix," noted Sucheth R. Davuluri, Chief Executive Officer of Neuland Labs. "We increased product sales more than 10% from the last quarter, and importantly, this growth was concentrated in our higher margin businesses, such as contract manufacturing and new generic APIs, in line with our move to enhance the value of our product mix. Neuland's decades-long record of R&D innovation, quality and regulatory excellence make us well-positioned to continue to increase market share in these high growth, higher margin sectors."

For a complete set of Neuland's FY 2014 and FY 2013 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. 

* = Indian rupees

About Neuland Labs 
For over 25 years, Neuland Labs has been at the forefront of manufacturing APIs through its cGMP manufacturing facilities, working with customers in 85 countries.  Neuland Labs has developed more than 300 processes and 60 APIs, and it has filed more than 45 US drug master files (DMFs), 14 EU CEPs and a total of more than 400 DMFs worldwide.  Its manufacturing facilities are inspected and approved by the US 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.

U.S. Media

India MediaViswanathan NS

BLL Partners/Brandwidth Solutions

Concept PRChief Financial Officer

Barbara Lindheim

Geeta Fadnavis+91 40 30211600

+1 212 584-2276

+91 98 49256292NSViswanathan@neulandlabs.com

blindheim@bllbiopartners.com

geeta@conceptpr.com


'/>"/>
SOURCE Neuland Laboratories Ltd.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Neuland Labs Reports Financial Results For Fiscal Year 2013
2. Neuland Labs Strengthens Commitment to Japanese Market With New Manufacturing Collaboration With Mitsubishi Healthcare Unit API Corporation
3. Neuland Labs Reports Second Quarter Fiscal Year 2013 Financial Results
4. Neuland Labs Reports First Quarter Fiscal Year 2013 Financial Results
5. Neuland Labs Reports Financial Results For Fiscal Year 2012
6. IRIDEX Reports 2013 Second Quarter Results; $9.2 Million Record Q2 Revenue
7. Uroplasty Reports Fiscal First Quarter 2014 Financial Results
8. Cardium Reports On New Excellagen Distribution Agreement With AvKARE For Veterans Hospitals And Other Governmental Medical Facilities
9. Optimer Reports Second Quarter 2013 Financial Results
10. Arena Pharmaceuticals Provides Corporate Update and Reports Second Quarter 2013 Financial Results
11. Mylan Reports a 13% Increase in Second Quarter 2013 Adjusted Diluted EPS to $0.68
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016  Collagen Matrix, Inc., ... development and manufacturing of collagen and mineral based ... today that Bill Messer has joined ... to further leverage the growing portfolio of oral ... Bill joins the Collagen Matrix executive ...
(Date:6/24/2016)... The Academy of Managed Care Pharmacy (AMCP) ... would allow biopharmaceutical companies to more easily share health ... and coverage decisions, a move that addresses the growing ... The recommendations address restrictions in the sharing of ... label, a prohibition that hinders decision makers from accessing ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ... company developing innovative inhaled drugs, announced today that it ... Russell Investments reconstituted its comprehensive set of U.S. ... "This is an important milestone for Pulmatrix," said ... increase shareholder awareness of our progress in developing drugs ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, ... the latter, setting the bar too high can result in disappointment, perhaps even self-loathing. ... toward their goal. , Research from PsychTests.com reveals that behind the ...
(Date:6/24/2016)... Texas (PRWEB) , ... June 24, 2016 , ... ... International Conference and Scientific Sessions in Dallas that it will receive two significant ... of the grants came as PHA marked its 25th anniversary by recognizing patients, ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... ... , ... National recruitment firm Slone Partners is pleased to announce ... experience, as Vice President of North American Capital Sales at HTG Molecular . ... sales team in the commercialization of the HTG EdgeSeq system and associated reagents in ...
Breaking Medicine News(10 mins):