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Hikal Reports Rise in Profits and Sales

3:34 AM MDT | May 15, 2012 | Deepti Ramesh

Hikal (Mumbai), an outsourcing partner to companies in the pharma, biotech, agchem, and specialty chemical industries, has recorded a 7% increase in net profits for its fiscal fourth quarter ended March 31, 2012, to Rs151 million ($2.8 million). Fourth-quarter sales increased 46%, to Rs2.21 billion. Hikal’s pharmaceutical business recorded a 41% increase in fourth-quarter sales, to Rs1.35 billion. The crop protection business of the company reported a 56% increase in sales, to Rs861 million. Hikal reported a 22% increase in net profits for the full year...

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