Sun Pharma Profits Surge in Quarter

Sun Pharmaceutical Industries Ltd. (Mumbai) recorded profits for the first quarter, ended June 30, up 121%, to Rs5,015 million ($125 million), on sales up 66%, to Rs10,472 million, compared to the same period last year. International sales grew by 134% and contributed to 57% of total sales in the quarter, Sun Pharma says. “Despite a challenging macro-economic environment, and the necessity for consolidation increasingly being felt within the global generic pharma industry, our business is well-positioned to deliver consistent growth and...

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