Darya-Varia posts $9.97m in profit

Darya-Varia posts $9.97m in profit

JAKARTA (JP): Publicly listed pharmaceutical maker PT Darya-
Varia Laboratoria reported a 49.1 percent increase in net profit
to Rp 23.73 billion (US$9.97 million) for 1996, from Rp 15.86
billion in 1995.

Net sales rose 49 percent to Rp 203.2 billion in 1996 from Rp
136.3 billion the previous year.

The statement said the better-than-expected profit was because
of the acquisition of PT Pradja-Pharin and PT Pradja Pharma. The
company did not say how much the firms contributed to the result.

Earnings per share rose to Rp 177 from Rp 127 in 1995.

PT Darya-Varia predicted another good year ahead in line with
an increase in demand for ethical and over-the-counter drugs.

Darya Varia, which was established in 1976, makes ethical
drugs and markets over-the-counter drugs. Ethical drugs include
banndochin, brasmatic, dalfarol, darcemol, nifurol, super tetra
and chenolak. Over-the-counter drugs include stop-cold, nature-e,
stomagel and reumaplant. (09)