Wockhardt locked in upper limit on strong Q3 profit


Records good growth across geographies; strong operating performance.

New Delhi: Wockhardt Limited has posted a consolidated net profit of Rs141.67 crore for the third quarter ended 31 December 2010. The company had recorded a net loss of Rs181.23 crore in the corresponding period a year ago, it said in a statement to the Bombay Stock Exchange (BSE).

Net sales stood at Rs950.80 crore in the period, compared to Rs889.33 crore in the corresponding three months in the previous year, PTI reported. The Wockhardt share price gained nearly 5% to Rs398.40 today on robust results. "The company has reported good growth across geographies. Its operating performance is very strong," said an analyst at a brokerage.


Information updated by Mr. Mayur Palod.




AMWAY

Amway is planning to enhance its reach and brand experience in western region because of there sales performance consistently.

Amway India Enterprise west has witnessed a growth of 25.63 per cent at Rs 348 crore compared to Rs. 277 crore in the previous year and has targeted Rs.415 crore sales mark for the current year.

Amway will add his touch points as well as brand experience centres. In 2010 Amway set 14 new touch points as well & 5 new brand experience centres. Amway currently have 13 brand experience centres and plans to add another 20-25 more over the next two years. They are also expanding the current there infrastructure from the current 135 Amway touch points to about 250 in next 2-3 years.

Amway India Enterprise posted a turnover of Rs 1790 crore for fiscal year 2010 registering a 27 per cent growth over the previous fiscal of Rs. 1490 crore.

Company’s lead categories – nutrition, wellness & cosmetic contributes over 60 per cent of its revenues.

 

Company has invested Rs. 55 crore at its contract manufacturer plant at Baddi where it produces 123 products under its portfolio excluding seasonal offerings.

POEM FROM MR. NITIN (WOCKHARDT)