Elder Pharmaceuticals, a Rs 500 crore plus Mumbai based pharma company, has achieved satisfactory performance during the first quarter ended June 2008.

Elder Pharma’s  net profit went up by 16.3 per cent to Rs 17.54 crore from Rs 15.08 crore and its net sales moved up by 21.5 per cent to Rs 146.67 crore from Rs 120.69 crore in the corresponding period of last year. The earning per share improved slightly to Rs 9.30 from Rs 8.12 in the last period.

Elder's net sales for the full year ended March 2008 touched to Rs 548.14 crore and its net profit amounted to Rs 71.80 crore with earning per share of Rs 38.21.