The company said its profit from operations before other income, finance cost and tax reflected a growth of 50 percent and operating profit margin improved to 20 percent from 15 percent year-on-year.
Pharmaceutical firm Wyeth has reported a growth of 28.4 percent in net profit at Rs 28.5 crore in April-June quarter compared to Rs 22.2 crore in the year-ago period despite higher tax expenses and lower other income.
Net sales increased by 16.4 percent to Rs 191.2 crore in the quarter ended June 2014 from Rs 164.3 crore in corresponding quarter of last fiscal.
The company said its profit from operations before other income, finance cost and tax reflected a growth of 50 percent and operating profit margin improved to 20 percent from 15 percent year-on-year.
Other income declined to Rs 6.2 crore from Rs 9.07 crore and tax expenses rose to Rs 14.75 crore from Rs 11.7 crore during the same period.
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Wyeth Q1 net profit rises 28% to Rs 28.5 cr
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