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Thursday, June 3, 2010

Ranbaxy sees $100 mn revenue from South Africa ops in 2010

Indian drugmaker Ranbaxy expects $100 million in revenue from its South African operations in 2010, the firm's chief executive said on Thursday.

The company, majority owned by Japan's Daiichi Sankyo, had revenue of about $75 million from its South African operations in 2009, Atul Sobti said.

The company will begin manufacturing operations soon in South Africa, which is one of its top-five markets, he said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 17
11:30 Employment Change (3M) 3 134K 89K
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.0% 4.9% 5.2%
11:30 Imports (MoM) 1 18,350M 19,448M Revised from 19,469M
11:30 Exports (MoM) 1 24,140M 23,456M Revised from 23,300M
11:30 Trade Balance 1 5,790M 4,008M Revised from 3,831M
18:00 Retail Sales Control Group 3 0.4%
18:00 Retail Sales (YoY) 1 3.3%
18:00 Retail Sales ex Autos (MoM) 2 0.3% -0.3%
18:00 Retail Sales (MoM) 3 0.1% -0.9%
18:00 Initial Jobless Claims 2 235K 227K
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