Sun Pharma : Buzz that it will soon see an end to its temporary arrangement to supply cancer drug Doxil in the USA
On Fri, Oct 19, 2012 at 10:21 AM, Mihir Desai <[email protected]>wrote: > Hindustan Zinc net profit rose 15% to Rs 1540 crore on 9% growth in net > revenue to Rs 2822 crore in Q2 September 2012 over Q2 September 2011. The > company announced the results after trading hours on Thursday, 18 October > 2012. During Q2 September 2012 and six months April-September 2012, the > positive impact of higher lead and silver volumes and rupee depreciation > was offset by lower zinc volumes, lower prices of zinc, lead and silver, > Hindustan Zinc said in a statement. The cost of production (COP) of zinc, > excluding royalty, jumped 20.48% to Rs 46,750 per metric tonne in Q2 > September 2012 over Q2 September 2011. The increase in COP was primarily on > account of higher excavation cost and rupee depreciation, Hindustan Zinc > said. > > As at 30 September 2012, the company had cash and cash equivalents of Rs > 19136 crore. This includes Rs 10177 crore in debt mutual funds, Rs 1663 > crore in bonds and Rs 7275 crore in fixed deposits with banks. Hindustan > Zinc said it follows a conservative investment policy and invests in high > quality debt instruments. The company said its investment portfolio is > rated "very good" by CRISIL which is the highest rating. > > Hindustan Zinc's mined metal production during April-September 2012 was in > line with its mine plan, the company said. The production is expected to > progressively increase during Q3 December 2012 and Q4 March 2013. The > company said its expects the mined metal production for the year ending 31 > March 2013 (FY 2013) to be slightly higher than that in the year ended 31 > March 2012 (FY 2012). > > Hindustan Zinc said that a milestone of development ore production was > achieved towards the end of Q2 September 2012 at the company's greenfield > Kayar mine. Both Rampura Agucha and Kayar underground mines are progressing > well and will start commercial production in the year ending 31 March 2014 > (FY 2014), Hindustan Zinc said. > > > > -- > CA Mihir Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
