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Cipla posts fourth-quarter profit

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Reuters
Last Updated : May 22 2018 | 4:45 PM IST

(Reuters) - Cipla Ltd, India's second-biggest drugmaker by market capitalization, posted a fourth-quarter profit on Tuesday, but missed analysts' estimates.

Net profit came in at 1.79 billion rupees ($26.30 million) for the quarter ended March 31, compared with a loss of 617.9 million rupees in the year-ago quarter, the company said https://www.bseindia.com/xml-data/corpfiling/AttachLive/2d0d0d7f-af2e-4011-839a-9d5e84a05a76.pdf.

Analysts, on average, had expected a profit of 3.57 billion rupees, according to Thomson Reuters data.

($1 = 68.0650 Indian rupees)

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(Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan)

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First Published: May 22 2018 | 4:39 PM IST

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