Abbott India has reported 34.8 percent decline in net profit to 48.25 crore for the first quarter ended June 30, 2017 with sales hit by de-stocking in trade channels ahead of GST implementation. The company had posted a net profit of 74.01 crore in the same quarter last fiscal. Revenue from operations during the period under review stood at 714.73 crore, as against 738.12 crore in the year-ago quarter, down 3.17 percent. Revenue from operations was impacted due to de-stocking in trade channels in anticipation of the GST regime. Total expenses in the first quarter were also higher at 657.57 crore as against 636.9 crore in the corresponding period last fiscal.


Why is The Government So Bad at Health Care?

 

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