Merck Q2 net down by 34%

Drug firm Merck Ltd reported a net profit of Rs 11.88 crore for quarter ended on June 30,2009,a decrease of 34 per cent over the same period last year.

The company had reported a net profit of Rs 18 crore in the quarter ended June 30,2008,Merck said in a statement.

During the quarter under consideration,the total income of the company stood at Rs 135.39 crore registering an increase of 28 per cent compared to Rs 105.06 crore in the corresponding quarter last year.