Annual Report 2007-2008 of Dr. Reddy’s Laboratories Limited

It is a broadly described annual report of Dr. Reddy’s Laboratories Limited in the year of 2007-2008. During the financial year, The Company’s Consolidated revenues decreased by 23% to Rs. 50,006 million, or U.S.$. 1.25 billion in 2007– 08 from Rs. 65,095 million in 2006–07. Operating Income decreased by 70% to Rs. 3,358 million in 2007–08 from Rs. 11,331 million in 2006–07. Profit before tax and minority interest decreased by 67% to Rs. 3,438 million in 2007–08 from Rs. 10,500 million in 2006–07. Profit after tax decreased by 50% to Rs. 4,678 million in 2007–08 from Rs. 9,327 million in 2006–07. The Company’s Fully diluted earnings per share decreased to Rs. 27.73 in 2007–08 from 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 26^th July 2008, if approved by the shareholders at the Annual General Meeting scheduled on 22^nd July 2008.

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