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Wockhardt Q3 profit slides 29% to Rs 304.45 cr

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Press Trust of India New Delhi
Pharmaceuticals major Wockhardt Ltd today reported 28.84 per cent decline in consolidated net profit at Rs 304.45 crore for the third quarter ended December 31, 2013-14.

It had posted net profit of Rs 427.84 crore in the October-December quarter of 2012-13 fiscal, Wockhardt Ltd said in a filing to the BSE.

Its net sales during Q3, 2013-14 were down at Rs 1,236.35 crore, from Rs 1,435.04 crore in the year-ago quarter.

Meanwhile, in a separate filing, Wockhardt informed the BSE that its board has declared a second Interim Dividend of Rs 5 per equity share of face value of Rs 5 for the financial year 2013-14 on 109,751,153 equity shares of the company.
 

The board has also approved re-appointment of its Executive Director Huzaifa Khorakiwala and Managing Director Murtaza Khorakiwala for a period of five years from March 31 onwards.

Wockhardt scrip closed at Rs 413.20 on the BSE, up 3.42 per cent from their previous close.

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First Published: Feb 10 2014 | 7:49 PM IST

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