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Drumbeat: Ad Buzzaar
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Friday, June 26, 1998
Novartis net profit zooms by 106%
MUMBAI: Novartis India, the company formed by the merger of Hindustan Ciba-Geigy and Sandoz India, has reported a 106 per cent jump in net profit for the year ended March 31, 1998 at Rs 38.3 crore as against Rs 18.6 crore in the previous year.The board has recommended a dividend of Rs 4 per share as against Rs 3.2 the previous year. Sales grew nine per cent to touch Rs 663 crore compared to Rs 607.2 crore in the previous year. Improved profitability reflects synergies realised from integration of all business operations. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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