Abbott India Q2 net down 20%

Drug maker Abbott India today reported a net profit of Rs 14.07 crore for the quarter ended on May 31, 2010, a decline of 19.9 per cent compared to the similar period last year when it had reported a net profit of Rs 17.58 crore.

Abbott said in a statement today that during the quarter under consideration, net sales rose to Rs 224 crore, a growth of 15 per cent compared to Rs 193.82 crore in the same quarter last year.

The company follows a December-November fiscal year.

The Abott shares closed up 4.62 per cent at 1,160.75 on the Bombay Stock Exchange today on a day when the benchmark Sensex shed over 240 points.