JHS Svendgaard Laboratories Ltd has declared its first quarter financial results for the fiscal year 2010-11 and it has informed that the company has posted a massive net profit in this quarter.

JHS Svendgaard Laboratories Ltd is one of the leading manufacturers of oral hygiene products in the country.

According to the report, it has registered a significant three fold net profit rise in the reviewed quarter. JHS Svendgaard Laboratories Ltd has posted a consolidated net profit of Rs 3.07 crore for the quarter that ended in 30th June, 2010 which is 325.9% of the consolidated net profit figure of its corresponding quarter in the last fiscal.

The company had registered a consolidated net profit of Rs 0.72 crore in the same quarter in the previous year.

The consolidated net revenue of the firm was recorded Rs 30.98 crore in the June quarter of the year which was reported to be Rs 7.37crore in its like period a year ago. There has been a hike of 320.2% in the consolidated revenue figure in this year.