Unichem Laboratories net dips 53% to Rs 16 cr

Drug firm Unichem Laboratories today said its net profit declined by 53% to Rs 16 crore for the quarter ended June 30, 2011, over the same period previous fiscal.

The company had a net profit of Rs 33 crore in the same period last financial year, Unichem Laboratories said in a filing to the Bombay Stock Exchange (BSE).

Total income of the company rose to Rs 189 crore for the April-June quarter, 2011 as against Rs 187 crore in the same period previous fiscal.

Shares of Unichem Laboratories were trading at Rs 148.5 on the BSE in late afternoon trade, down 4% from previous close.