Sunday, February 15, 2009

Profit of 50 pharma cos fall by 18% in April-Dec despite 27% growth in sales

The net profit of top 50 pharmaceutical companies in the country declined by 18 per cent in nine months of the current year mainly on account of the provision of foreign exchange loss. The aggregate profit of these 50 companies, as per a Pharmabiz study, dropped to Rs 4615 crore during April-December, 2008 from Rs 5630 crore reported in the same period of the previous year.

The details can be read here.

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