Pfizer Q3 net profit rises to Rs48 crore

Net sales of Pfizer India stood at Rs251.88 crore for the third quarter ended 31 December 2011.

Pfizer Ltd has reported a net profit of Rs48.28 crore for the third quarter ended 31 December 2011. The company had posted a net profit of Rs43.58 crore for the third quarter in the previous year.

As the company has changed its accounting year with effect from 1 December 2009, the third quarter results of the company are not comparable with those of the third quarter of the previous fiscal, Pfizer India said in a filing to the BSE.

Net sales of the company stood at Rs251.88 crore for the third quarter ended 31 December 2011. It stood at Rs 235.84 for the third quarter in the previous year.

For the nine months ended 31 December 2011, the company posted a net profit of Rs136.51 crore. The profit was Rs120.75 crore for the same period in the previous year.

The company was awarded the FICCI SEDF (Socio Economic Development Foundation) Certificate of Commendation for its social responsibility efforts. Pfizer has won several awards including that for the multinational pharmaceutical company of the year.
 
In the late afternoon, Pfizer Ltd was trading at around Rs1,199.90 per share on the Bombay Stock Exchange, 2.64% down from the previous close.

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Divis Labs Q3 net up 21%

Drug firm Divis Laboratories said its net profit rose by 21% to Rs122.55 crore for the third quarter of the financial year 2011-12

Drug firm Divis Laboratories said its net profit rose by 21% to Rs122.55 crore for the third quarter ended 31 December 2011. The company had posted a net profit of Rs101.57 crore for the quarter ended 31 December 2010.
 
Total income of the company stood at Rs417.42 crore for the quarter ended 31 December 2011 as against Rs314.97 crore for the corresponding period previous fiscal, Divis Laboratories said in a filing to the BSE.

Divis Laboratories has focussed on developing new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. The company has expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.

In the late afternoon, Divi's Laboratories Ltd was trading at around Rs748.40 per share on the Bombay Stock Exchange, 4.07% down from the previous close.

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Commexes turnover up 63% till 15th January

The turnover of the 21 commodity exchanges in the country was up 63% at Rs144.31 lakh crore during the 1st April-15th January period of the 2011-12 fiscal due to increased trade in gold, silver and some farm items like guarseed, as per the data from the Forward Markets Commission

New Delhi: The turnover of the 21 commodity exchanges in the country was up 63% at Rs144.31 lakh crore till 15th January of the current fiscal due to increased trade in gold, silver and some farm items like guarseed, reports PTI quoting data from the Forward Markets Commission (FMC).

The turnover of these exchanges stood at Rs88.62 lakh crore in the same period last year, it said in a statement.

The maximum trade was seen in gold, silver, guarseed, crude oil, soya oil and chana, it added.

According to FMC data, the turnover in the bullion segment rose more than two-fold to Rs83.78 lakh crore during the 1st April-15th January period of the 2011-12 fiscal from Rs40.27 lakh crore in the corresponding period last year.

In a similar fashion, business from farm items like guarseed increased by 53.37% to Rs15.91 lakh crore from Rs10.37 lakh crore.

While the turnover of energy items like crude oil increased by 32.42% to Rs22.97 lakh crore from Rs17.35 lakh crore, business from metals like copper rose marginally by 5% to Rs21.62 lakh crore during the review period from Rs20.61 lakh crore.

During the first fortnight of 2012, the maximum turnover of Rs5,76,725 crore was posted by the MCX, followed by NCDEX (Rs98,010 crore), NMCE (Rs14,144 crore), ICEX (Rs10,135 crore) and ACE (Rs7,381 crore).

The FMC further said it has recommended to the consumer affairs ministry, which oversees the functioning of commodity bourses, to renew the recognition of Kochi-based regional bourse, First Commodities Exchange of India, in respect of coconut oil and copra futures contracts for four months till May 2012.

Currently, there are five national and 16 regional commodity exchanges in the country.

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