Annual Report 2006-2007 of Dr. Reddy’s Laboratories Limited

It is a broadly described annual report of Dr. Reddy’s Laboratories Limited in the year of 2006-2007. During the financial year, The Company’s Operating income increased almost eight-fold from Rs. 1,442 million in 2005–06 to Rs. 11,224 million in 2006–07. Profit before tax and minority interests grew by more than 450% to Rs. 10,500 million, or U.S.$. 243.6 million. Profit after tax (net of minority interests) increased almost five-fold to Rs. 9,327 million, or U.S.$. 216 million. The company’s earnings per share rose from Rs. 10.62 in 2005–06 to Rs. 58.56 in 2006–07.

The Board of Directors of the Company has proposed a dividend of Rs. 3.75 on equity shares of Rs. 5 each. The dividend will be paid on or after 28^th July 2007, if approved by the shareholders at the Annual General Meeting scheduled on 24^th July 2007.

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