Premium
This is an archive article published on August 13, 2012

Animal health business sale lifts Pfizer Q1 net profit to Rs 329 cr

Drug firm Pfizer today reported a net profit of Rs 328.88 crore for the quarter ended June 30,2012 on account of gains from the sale of animal health business to a wholly-owned subsidiary.

google-preferred-btn

Drug firm Pfizer today reported a net profit of Rs 328.88 crore for the quarter ended June 30,2012 on account of gains from the sale of animal health business to a wholly-owned subsidiary.

The company had posted a net profit of Rs 41.24 crore for the corresponding period in previous fiscal,Pfizer Ltd said in a filing to BSE.

Total income of the company,however,declined to Rs 242.63 crore for the quarter under consideration from Rs 260.91 crore for the same period year ago.

The results are not comparable because of the sale of Animal Health Business became effective from April 2 this year,Pfizer said.

The animal health business of the company was transferred to Pfizer Animal Pharma Pvt Ltd (PAPPL) by way of slump sale for a consideration of Rs 424.28 crore,it added.

“The gain of Rs 382.52 crore on the slump sale of the said business has been disclosed as exceptional income during the quarter,” Pfizer said.

Shares of Pfizer Ltd today closed at Rs 1,279.90 apiece,up 3.03 per cent from their previous close on BSE.

Stocks More on

Company INFO More on

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Prema Thongdok, who is in her 30s and has been living in the United Kingdom for 14 years, is originally from Rupa in Arunachal Pradesh’s West Kameng district, where her family still lives.
India issues ‘strong demarche’ after woman ‘held up at Shanghai airport’ over Arunachal mention in passport
Delhi chokes: PMO flags vehicles, 37% non-compliant, calls for EVs
CitiesDelhi chokes: PMO flags vehicles, 37% non-compliant, calls for EVs
Actor Dharmendra dies at 89. (Photo: Express Archives)
EntertainmentDharmendra dies at 89: The 'macho' hero who broke boundaries, gave India both Sholay and Satyakam
GenZ reacts to Shashi Kapoor and Zeenat Aman's 1978 film Satyam Shivam Sundaram
EntertainmentRaj Kapoor's Satyam Shivam Sundaram has objectification, sexism, and is patriarchal, and yet this GenZ loved Zeenat Aman-Shashi Kapoor film
The Indian CEO said his outlook shifted when founding his second startup
TrendingStart a company to get rich or solve a problem? Indian CEO says it's fine to focus on making money, netizens agree with him
Shared by a resident, Dappura Chyne, on Instagram, the video shows him expressing disappointment over beer and plastic bottles thrown in a natural pool
TrendingForeigner removes bottles from natural pool in Meghalaya, video sparks ire: ‘Northeast was better when inaccessible’
India vs South Africa Live Cricket Score, 2nd Test Day 4
SportsIndia vs South Africa Live Cricket Score, 2nd Test Day 4
India batting collapse South Africa
SportsIndia vs South Africa, 2nd Test: How India's scrambled brains and approach resulted in a collapse on a benign pitch
Sachchidanand Sinha: The original thinker the thought elite didn’t celebrate — and should have
OpinionThe original thinker the thought elite didn’t celebrate — and should have
Chandigarh
What will it mean for Chandigarh if it is brought under Article 240?
Rooted in Japanese culture, this practice enhances mental clarity, productivity, and well-being
LifestyleJapanese have their own version of Diwali cleaning; here's what it is called
Ive
TechnologyOpenAI and Jony Ive have finalised AI hardware prototype, and the launch could happen in less than 2 years
Advertisement
Must Read
SportsIndia vs South Africa Live Cricket Score, 2nd Test Day 4
India vs South Africa Live Cricket Score, 2nd Test Day 4
SportsIndia vs South Africa, 2nd Test: How India's scrambled brains and approach resulted in a collapse on a benign pitch
India batting collapse South Africa
SportsIND vs SA 2nd Test: Marco Jansen uses his back-of-length lifters to devastating effect as India skittled for 201; South Africa ahead by 314
Marco Jansen India vs South Africa
TechnologyOpenAI and Jony Ive have finalised AI hardware prototype, and the launch could happen in less than 2 years
Ive
TechnologyDid Meta shelve teen safety features to protect growth? What new court filing claims
Australia Instagram
TechnologyOver 18 lakh users of Adda.io platform exposed in alleged data breach: Report
Adda
LifestyleJapanese have their own version of Diwali cleaning; here's what it is called
Rooted in Japanese culture, this practice enhances mental clarity, productivity, and well-being
Advertisement
Buzzing Now
TrendingStart a company to get rich or solve a problem? Indian CEO says it's fine to focus on making money, netizens agree with him
The Indian CEO said his outlook shifted when founding his second startup
TrendingForeigner removes bottles from natural pool in Meghalaya, video sparks ire: ‘Northeast was better when inaccessible’
Shared by a resident, Dappura Chyne, on Instagram, the video shows him expressing disappointment over beer and plastic bottles thrown in a natural pool
TrendingVideo of Blinkit delivery guy with speech impairment wins hearts: ‘Turned his weakness into strength'
The video shows the delivery agent struggling to communicate over the phone as he tries to confirm the exact location.
TrendingNo standing, no toilet break: Chinese man wins ‘lying-flat’ contest by staying in bed for 33 hours, credits girlfriend
The competition took place on November 15 at a shopping mall in Baotou, Inner Mongolia
TrendingRussia pays tribute to IAF’s Namash Syal killed in Dubai Tejas crash, video emerges: ‘Brother who didn’t return’
The Tejas jet plunged nose-first into the ground, erupting into a cloud of black smoke and flames at Dubai’s Al Maktoum International Airport
Nov 25: Latest News
Advertisement