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Cipla June-quarter profit rises 20 percent, beats estimates

Reuters 

- 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 data showed.

($1 = 64.1200 Indian rupees)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Muralikumar Anantharaman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 13:53 IST
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