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Liabilities linked to growth for Indies Pharma


Vishnu Muppuri, Executive Director and COO of Indies Pharma Jamaica Limited, says a surge in the company’s liabilities is linked to its plans for growth in the new financial year.
The company’s revenues for the period ended October 31, 2020, were J$765.9 million, up five per cent or J$36.5 million over the corresponding period in 2019. Net profit increased to J$199.1 million, an increase of 46.3 per cent over the previous year.
However, long-term liabilities over the period surged to J$882 million, which Muppuri said was due mainly to the company securing a bond which was used to repay the loan of J$398 million used for the purchase of land for the construction of its new corporate office. ....

Montego Bay , Saint James , United States , Vishnu Muppuri , Sagicor Investments Jamaica , Bioprist Group , Indies Pharma Jamaica , Drug Administration , Bioporist Holdings Inc , Indies Pharma Business Park , Executive Director , Indies Pharma Jamaica Limited , Sagicor Investments Jamaica Limited , Abbreviated New Drug , மான்டெகோ வளைகுடா , துறவி ஜேம்ஸ் , ஒன்றுபட்டது மாநிலங்களில் , சகிகோர் முதலீடுகள் ஜமைக்கா , இண்டீஸ் பார்மா ஜமைக்கா , இண்டீஸ் பார்மா வணிக பூங்கா , நிர்வாகி இயக்குனர் , இண்டீஸ் பார்மா ஜமைக்கா வரையறுக்கப்பட்டவை , சகிகோர் முதலீடுகள் ஜமைக்கா வரையறுக்கப்பட்டவை ,