January 24, 2018 / 1:16 PM / 4 months ago

Biocon third-quarter profit plunges 46 percent

(Reuters) - Biocon Ltd, India’s biggest biotechnology firm, posted a 46 percent fall in third-quarter profit on Wednesday hurt by an increase in interest and depreciation costs related to its Malaysia operations.

Employees of Biocon Ltd work inside the company's research and development centre in Bengaluru, October 16, 2015. REUTERS/Abhishek N. Chinnappa/Files

Profit fell to 919 million rupees ($14.43 million) in the quarter ended Dec. 31, compared with 1.71 billion rupees a year earlier. bit.ly/2rvTd8e

Revenue from operations rose 1.3 percent to 10.58 billion rupees.

($1 = 63.6900 Indian rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Supriya Kurane

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