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Sun Pharma reports quarterly loss after one-off charge

Reuters 

REUTERS - India's largest drugmaker Sun Pharmaceutical Industries reported a surprise loss in the first quarter after it was hit by a one-off charge related to the settlement of an antitrust case in the United States.The net loss was 4.25 billion rupees ($66 million) in the three months ending on June 30, compared with a profit of 20.34 billion rupees a year earlier, the Mumbai-based company said on Friday. (http://bit.ly/2uMEuCp)The world's fifth-largest generic drugs maker company said it incurred a charge of 9.51 billion rupees related to settlements with certain plaintiffs in an antitrust ...

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First Published: Fri, August 11 2017. 16:50 IST
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