Strides Arcolab out of red; posts Rs 108cr net

Bangalore-based pharma company, Strides Arcolab, said today that it has come out of the red and posted a net profit of Rs 108 crore for the year ended December 2008. Its operating profit has stood at Rs 186 crore for the year as against negative in the previous year. The company's revenues were up by 49 per cent to Rs 1,136 crore for the year compared to the previous year.