Categories: Business

Abbott India's first quarter net profit rose 54 percent to Rs 180.35 crore

Photo: THE ECONOMIC TIMES

Abbott India Q1 net profit jumps 54 pc to Rs 180.35 crore

new Delhi. Pharmaceutical company Abbott India reported a net profit of 54.22 per cent at Rs 180.35 crore for the first quarter of the current fiscal year ended in June. This earned the company a net profit of Rs 116.94 crore in the same quarter of the previous financial year.

In a communication sent to BSE, the company said that its operating income increased to Rs 1,064.27 crore during the quarter, from Rs 998.89 crore in the same quarter of the previous fiscal.

Ambassador of India discusses trade, investment with Pennsylvania Governor

As part of efforts to strengthen bilateral relations, India's Ambassador to the US Taranjit Singh Sandhu discussed cooperation in the trade and investment sector with Pennsylvania Governor Tom Wolf. India has a strong relationship with the US state of Pennsylvania for over a century. There was a trade of $ 3.21 billion between India and Pennsylvania in 2019.

About 18 Indian companies have invested $ 54 million in Pennsylvania. Indian companies have provided 3,000 employment opportunities in the state. Sandhu discussed the increase in trade and investment between India and the US and cooperation in education and healthcare sector in a virtual conference with Wolf on Friday. Sandhu tweeted that the conversation with Governor Tom Wolf was excellent. During this time economic participation and contribution of people of India and Indian companies were discussed. The meeting also discussed increasing cooperation in higher education, biology and healthcare.

The Indian Embassy reported that Sandhu shared with Wolf the latest developments in the Indian healthcare and education sectors. He also informed the Governor of India's recent reforms.

This post was published on August 8, 2020 3:39 pm

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