Astec Lifesciences Post Positive Q4 Results

Daniel Jacobs Posted by Dan Jacobs|18 May 2015

Astec Lifesciences stock jumped 18% to $2.56 (Rs 163) on the National Stock Exchange after the company’s consolidated net profit for the quarter ended March 2015 more than doubled at $510,575 (Rs 3.25 crore), on the back of strong sales, according to a report in India’s Business Standard.

Astec is a producer of agrochemicals and pharmaceutical intermediates. The company was established in 1994 with a focus on the Agrochemical and Pharmaceutical industries.

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During the same period last year, the company posted a profit of $254,471 (Rs 1.62 crore), according to the report.

Read the full story here.

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