Hyderabad: Drug maker Wockhardt Ltd on Friday said it published a 26% growth in net income in thefourth region on improved sales in India and the UK.
The enterprise posted a internet earnings of Rs.forty three crore in the area ended 31 March, comparedto Rs.34 crore within the same duration a yr in the past. sales declined 6% to Rs.1013.4 crore.
For the whole yr ended March, net income declined 21% to Rs.325.7 crore. revenues remained littlemodified at Rs.four,461.4 crore.
The India enterprise, which contributes 1 / 4 of Wockhardt’s sales, rose 16% in the fourth quarter with thelaunch of forty eight merchandise, at the same time as emerging markets that make a contributionround 10%, published 59% increase, the agency said.
Its uk commercial enterprise grew by using forty% to Rs.250 crore within the fourth area of financial2016, Wockhardt stated.
stocks of Wockhardt dropped three.62% to shut at Rs.936.65 at the BSE Ltd as the benchmark Sensex declined 0.13% to stop 25,228.50 factors.
