Cipla June-quarter profit rises 20 percent, beats estimates
Cipla Ltd, India`s fourth-largest drugmaker by sales, reported a 20 percent rise in quarterly profit, beating analysts` estimates.
Net profit came in at 4.08 billion rupees ($63.63 million) for the three months ended June 30, compared with 3.39 billion rupees a year earlier, the company, whose U.S. business is small relative to peers, said on Friday. (http://bit.ly/2uujKnC)
Analysts were on average expecting profit of 3 billion rupees in the first quarter, Thomson Reuters data showed.
($1 = 64.1200 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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