Matrix Laboratories Limited recorded a net profit of Rs 29.99 crore for the financial year 2008-09 as against a net loss of Rs 456.93 crore the previous year. Net income for the fiscal stood at Rs 2,273.85 crore as compared with Rs 1,728.07 crore in the previous year, up 31.58 per cent. In 2008-09, Matrix made a one-time provision of Rs 487.12 crore for 'impairment of goodwill.
Consequently, it incurred a net loss though its operating profit during the year stood at Rs 151.15 crore. MP Laboratories (Mauritius) Limited, a wholly owned subsidiary of Mylan Inc, and one of the promoters of Matrix has initiated voluntary delisting of its shares from the Bombay Stock Exchange and National Stock Exchange of India, a company release said.
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