Pfizer Net Profit Rises To 40%

Drug firm Pfizer reported a 39.87 per cent rise in its net profit at Rs 87.24 crore for the quarter ended December 2017, mainly on account of lower expenses.

Revenue from operations for the quarter under review stood at Rs 456.5 crore as compared to Rs 510.2 crore in the same period of the last year.

It said net profit after tax (including other comprehensive income) for nine months ended December 31, 2017 was Rs 254.9 crore as against Rs 267.6 crore in the year-ago period.