Novartis Q1 net plunges 31 pc

Mumbai, July 27 (UNI) Pharma major Novartis India has posted a net profit of Rs 25.74 crore for the quarter ended June 30, 2006 as compared to net profit of Rs 37.31 crore for the quarter ended June 30, 2005, a dip of 31.01 per cent.

Announcing the results, the company said its total income has decreased from Rs 168.77 crore for the quarter ended June 30, 2005 to Rs 151.68 crore for quarter ended June 30, 2006.

UNI SN PM SKB1707