Ranbaxy sales rocket 55%, net rises four-fold
Ranbaxy Laboratories (AB: BO), India’s largest drugmaker, came in with a stompingly good set of financial results this week, showing that first-quarter 2012 consolidated sales had leapt 55% to 32 billion rupees ($736 million) and net profits nearly quadrupling, buoyed by market exclusivity for a generic version of Pfizer’s Lipitor (atorvasatin) in the USA, as well as a foreign-exchange gains.
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