Reuters logo
BUZZ-India's Biocon falls; Q4 profit plunges
April 28, 2017 / 4:09 AM / 7 months ago

BUZZ-India's Biocon falls; Q4 profit plunges

** Shares of bio-pharma company Biocon Ltd fall as much as 3.39 pct

** March-quarter consolidated profit dives nearly 62 pct to 1.28 bln rupees ($19.93 mln) bit.ly/2pnLiFn

** Profit also falls slightly below analysts’ estimate of 1.51 bln rupees - Thomson Reuters data

** Company’s Q4 revenue saw muted growth due to elongated approval timelines in some emerging markets, discontinuance of some in-licensed products and impact of fire at unit Syngene International Ltd, Biocon said

** Stock up about 18 pct this year as of Thursday’s close ($1 = 64.2100 Indian rupees)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below