Pfizer Q1 net profit down 28.57 per cent to Rs 57.17 cr

NEW DELHI: Pharmaceuticals firm Pfizer Ltd today reported 28.57 per cent decline in net profit at Rs 57.17 crore for the first quarter ended June 30, 2017 due to lower sales.

The company had posted a net profit of Rs 80.04 crore in the same period last fiscal.

Total income was at Rs 459.86 crore as against Rs 542.41 crore in the year-ago period, down 15.21 per cent.

Pfizer said total expenses in the first quarter stood at Rs 371.34 crore as compared to Rs 435.16 crore in the year-ago period.