Wockhardt net loss down 39%

Drug major Wockhardt today posted a 38.7 per cent decline in net loss, at Rs 116.3 crore, during the quarter-ended June. It had posted a Rs 189.8-crore loss in the corresponding quarter last financial year.

The company’s provisioned exceptional items were worth Rs 215.6 crore, including a mark-to-market loss of Rs 157.2 crore and settlement of loan and disputed derivative liabilities worth Rs 34.3 crore. The provisions were Rs 264.6 crore in the same period last year.