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      Venkat Pharma wins order from US firm

      Posted AtIndia Infoline

      Venkat Pharma Ltd. on Tuesday announced that it has secured orders worth US$400,000 for supply of Vitamins and Dietary Supplement products in the U.S. market. The order is the first among a number of orders that the company expects to receive from American companies, the Hyderabad- based company said.

      "We are very excited by the commercial potential of our products in U.S. The deal clearly represents significant income potential and of larger importance, it enhances our chances in the U.S. Vitamins and Dietary Supplements Products", Ch. Saila Babu, Chairman & Managing Director, stated.

      The company is anticipating sales of US$700,000 for this range of products from the U.S. market during this commercial year as a result of efficient manufacturing, high product quality and competitive pricing strategies, Venkat Pharma said.

      Venkat Pharma executed its first shipment of 27 Vitamins and Dietary Supplement products to its buyer in the U.S. on October 22.

      The company posted a net profit of Rs4.6mn the second quarter ended September 30, 2005 as against Rs1.36mn in the same period last year. The company reported net sales of Rs72.76mn versus Rs112.8mn in the year-ago period.

      November 08, 2005


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