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Earnings

Expect high growth rate in FY19, says Syngene

Updated : April 26, 2018 03:09:40 IST

Syngene reported a strong set of numbers with 40% revenue growth. However, form 483 for BA/BE facility is a dampener for the company. Jonathan Hunt, CEO of the company discuss the performance and future growth prospects.

“We had a good finish to this year. Growth was a little bit low for us, it was down at 6% in Q1. It steadily built momentum throughout the year. So 6% became 10%, became 15% and quite a strong finish to the year,” he said.

“Full year growth rate was 17%. That is the floor for the performance in FY19. Expect to maybe come a little bit ahead of that, so high teens on a reported basis,” he added.

“We said we are going to continue to make the right investments to drive long-term value creation and you have seen us do that during the year,” Hunt further mentioned.
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