MERCK LTD = RESULTS FOR = CALENDER YEAR 2010 2009 2008 = GOOD SHOW = OPERATIONAL PROFIT VERY GOOD = HIGHER EXCEPTIONAL ITEMS EXPENSE

Merck Limited

NSE Symbol MERCK

MERCK LTD  has declared its results for the calendar year 2010. These are compared below with the 2009 and 2008 results.

NET SALES  has increased to Rs.509 cr – up by 7.6% from CY 2009 and by 30.71% from CY 2008.

TOTAL EXPENDITURE  has also increased to Rs.442 cr – up by 5.37% from CY 2009 and by 28.07% from CY 2008.

PROFIT FROM OPERATIONS has increased to Rs.70 cr – up by 30.73% from CY 2009 and by 57.11% from CY 2008.

NET PROFIT  is Rs.63 cr – down by 3.51% from CY 2009 and Up by 0.27% from CY 2008.

This is primarily on account of an exceptional item of expenditure of  Rs.14.28 cr in 2010 and also lesser other income compared to previous years.

Basic EPS is Rs.38.06 – compared to Rs.39 in CY 2009 and Rs.37.37 in CY 2008 – on a Face value of Rs.10. The performance is very good but improvement is not much.

Thus, while sales have increased reasonably, Net profits are at same level – primarily due to the exceptional items cited earlier and lower other income.

RESULTS TABLE :

Description	CY 2010	CY 2009	CY 2008
Net Sales	50907.63	47311.35	38945.91
DIF %1	509	7.6	30.71
Other Oprtg Income	310.98	10.75	38.41
Incr./Decr. in SIT/WIP	347.53	299.07	-1552.86
Consumption of Raw Materials	13258.9	14419.76	11009.91
Purchase of traded goods	7180.61	5890.03	6542.08
Employees Cost	6845.96	5701.66	4775.68
Depreciation	709.63	750.88	572.91
Other Expenditure	15896.89	14922.23	13194.41
Total Expenditure	44239.52	41983.63	34542.13
DIF %2	442	5.37	28.07
Profit from Operations	6979.09	5338.47	4442.19
DIF %3	70	30.73	57.11
Other Income	4026.48	4310.41	4732.5
Interest	7.04	3.49	1.06
Exceptional items	1428	-	-
Profit before tax	9570.53	9645.39	9173.63
Tax Expense	3252.54	3097.27	2872.95
Net Profit	6317.99	6548.12	6300.68
DIF %4	63	-3.51	0.27
Dividend (%)	-	200	175
Face Value (in Rs.)	10	10	10
Paid-up Equity	1659.94	1659.94	1686.12
Reserves	32982.54	48952.87	43452.57
Basic EPS	38.06	39	37.37
Public holding (%)	48.2	48	49

ANNOUNCEMENTS

TO THE EXCHANGE

20-10-2010    Merck Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 20, 2010 has declared interim dividend of Rs.95/- per equity shares (950%).

13-10-2010    Merck Limited has informed the Exchange that the company has fixed October 25, 2010 as the Record Date for the purpose of interim dividend. -

01-06-2010    Merck Limited has informed the Exchange that pursuant to the Public Announcement dated May 28, 2009 and published on May 28, 2009 the Company commenced from June 10, 2009, its offer of Buyback of Equity Shares of the face value of Rs. 10 each fully paid-up, from its shareholders.

24-05-2010    Enam Securities Private Limited has submitted to the Exchange a copy of the Post offer public announcement issued in newspaper on May 21, 2010 in relation to Buyback by Merck Limited , as required under the SEBI (Buy Back of Securities) Regulations, 1998 and amendments thereto.

19-05-2010    Merck Limited has informed the Exchange that the Company has till May 19, 2010 bought back 261,842 Equity Shares and utilized an amount of Rs. 1037.31 lakhs i.e. 23% of the maximum buy back size. As per the terms of Public Announcement dated May 28, 2009, the Buyback will close with effect from May 19, 2010.

06-05-2010    Merck Limited has informed the Exchange that pursuant to the Public Announcement dated May 28, 2009 and published on May 28, 2009 the Company commenced from June 10, 2009, its offer of Buyback of Equity Shares of the face value of Rs. 10 each fully paid-up, from its shareholders.

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