Merck marks Q1 loss, plunges 46%

Merck marks Q1 loss, plunges 46%
PTI
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First Published: Mon, Apr 20 2009. 04 08 PM IST
Updated: Mon, Apr 20 2009. 04 08 PM IST
Mumbai: Drug maker Merck on Monday said its net profit fell 46.78% to Rs8.61 crore in the first quarter ended 31 March 2009, over the corresponding period a year ago.
The company had a net profit of Rs16.18 crore in the first quarter last financial year, Merck said in a filing to the Bombay Stock Exchange.
However, the net sales of the company rose to Rs 98.83 crore in the March quarter from Rs 83.36 crore in Q1 of last year, it added.
Shares of Merck were trading at Rs 340, down 0.45% in the afternoon trade on the BSE.
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First Published: Mon, Apr 20 2009. 04 08 PM IST