Suven's Q1 up 60%, dividend at 50%

Hyderabad, July 31 (UNI) Suven Life Sciences Company today announced its revenue for first quarter ending June 2006 increased by 60 per cent to Rs 2562.50 compared to Rs 1594.26 lakh for the corresponding period last year.

According to a company release, the profit after tax (PAT) for the first quarter was also up by 51 per cent from Rs 137.67 lakh to Rs 208.32 lakh.

The company's exports went up by 92 per cent from Rs 1,081 lakh to Rs 2,084 lakh.

Suven's major thrust on R&D in drug discovery continued with an expenditure of Rs 399 lakh recording about 16 per cent of total revenue for the quarter, it said.

The release said the Board of Directors had recommended a dividend of 50 per cent for the financial year 2005-06.

UNI JRK GKT GM 2059