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Drug firm Pfizer today reported a standalone loss of Rs 11.83 crore for the second quarter ended September 30, 2014, due to exceptional expenses incurred at its Thane plant.
It had posted a net profit of Rs 69.45 crore for the July-September quarter of 2013-14 fiscal, Pfizer Ltd said in a filing to the BSE.
Net sales of the company rose marginally to Rs 269.45 crore during the second quarter of FY15 compared with Rs 267.35 crore in the year-ago period, it added.
Exceptional expenses of Rs 76.03 crore were incurred during the quarter in relation to the Thane plant. "The expenses include amount paid towards voluntary retirement scheme/other related costs," the company said.
In August, Pfizer issued a lockout notice at its Thane plant following labour unrest, stating the step was necessitated to ensure safety of its employees.
Shares of Pfizer closed at Rs 1,705.75 apiece on Wednesday on BSE, up 0.92% from their previous close.
