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Sun Pharma In The News

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Sun Pharma Ql net surges 59% at Rs 796 crore

Drug major Sun Pharma on Friday posted a rise of 59% in consol idated net profit at Rs 796 crore for the first quarter ended June 30,2012, on strong sales growth in the US market. The company, which also announced a business re-organization by putting its domestic formulation business under a wholly owned subsidiary, had posted a net profit of Rs 501 crore during the same period of previous fiscal. Net sales of the company rose to Rs 2,658 crore for the first quarter ended June 30,2012, as compared to Rs 1,636 crore during the same period of 2011-12 fiscal, Sun Pharmaceutical said in a statement. During the quarter, the company's US formulations sales grew by 105% at $285 million, accounting for 57% of total sales, Agencies