Overheads hit Cipla's profit in third quarter
This article was originally published in Scrip
Executive Summary
Increased factory overheads and an appreciation in the rupee have dented Cipla's performance for the third quarter ended December 2010. The company's profits declined by 19.5% to Rs2.32 billion ($51.01 million),although sales were up by 11.6% to Rs15.15 billion.