Novartis Q1FY07 net dips 31 pc

New Delhi, July 27 (UNI) Novartis India today registered a 31 per cent decline in its net profit at Rs 25.74 crore for the first quarter ended June 30, 2006 as compared to Rs 37.31 crore for corresponding period last year.

The total income, decreased 10 per cent to Rs 151.68 crore for Q1FY07 from Rs 168.77 crore for Q1FY06.

The company posted a 4245 per cent net profit of Rs 19.99 crore for the fourth quarter ended March 31, 2006 (Q4 FY06) where as the same was at Rs 0.46 crore for the quarter ended March 31, 2005 (Q4 FY05).

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