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HEALTHCARE | Staff Reporter, India

Lincoln Pharmaceuticals paid off debts

An increase in export sales has helped the company to pay its liabilities

India-based Lincoln Pharmaceuticals has reported a net profit growth of 16.70% for the six months ending on 30 September, compared to the same period last year.

The company also reported paying all outstanding debt, making it a zero net-debt company. It most of its growth to rising sales from exports, which have grown to 56% of total sales, from 11% in 2013.

Currently, Lincoln Pharma exports to 60 different markets, including in East and West Africa, Central and South America, and Southeast Asia.

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