Wockhardt reports narrowing of its consolidated net loss to INR 86 crore
Research and development expenditure during the quarter was at Rs 61 crore (6 percent of sales) and including capital expenditure, it is at 8.3 percent of sales.
"The business performance of the company during the quarter ended June 30, 2018, showed marked improvement with sales growth of 13 percent as compared with the similar quarter of the previous year driven by growth in US, lndia business and growing emerging markets," the company said in a statement.
India, US and Irish business of the company grew by 30 percent, 20 percent, and 7 percent respectively, while there was de-growth of 7 percent in the UK business.
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