Merck Q2 net profit falls to Rs.16.31 Crores

Merck Ltd has announced the following Un-Audited Financial Results for the quarter ended June 30, 2007.

The Company has posted a Net Profit of Rs 163.146 million for the quarter ended June 30, 2007 where as the same was at Rs 842.364 million for the quarter ended June 30, 2006. Total Income (Net of Excise) is Rs 911.906 million for the quarter ended June 30, 2007 where as the same was at Rs 870.127 million for the quarter ended June 30, 2006.

The figures for the previous year / quarter are not comparable, due to sale of Life Science & Analytics (excluding Bulk Drugs) business w.e.f. April 01, 2006.

The Board of Directors of the Company at its meeting held on July 16, 2007, inter alia, has appointed Mr. A Bhattacharjee as an Additional Director of the Company.

The stock closed the day at Rs.409.55, up by Rs.1.20 or 0.29%. The stock hit an intraday high of Rs.415.55 and low of Rs.406.45. The total traded quantity was 5590 compared to 2 week average of 3532.

Source : Equity Bulls

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