Wockhardt locked in upper limit on strong Q3 profit
Moneylife Digital Team 03 February 2011

Records good growth across geographies; strong operating performance 

New Delhi: Wockhardt Limited has posted a consolidated net profit of Rs141.67 crore for the third quarter ended 31 December 2010. The company had recorded a net loss of Rs181.23 crore in the corresponding period a year ago, it said in a statement to the Bombay Stock Exchange (BSE).

Net sales stood at Rs950.80 crore in the period, compared to Rs889.33 crore in the corresponding three months in the previous year, PTI reported. The Wockhardt share price gained nearly 5% to Rs398.40 today on robust results.  "The company has reported good growth across geographies. Its operating performance is very strong," said an analyst at a brokerage.

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