Pfizer India Reports Rise In Q3 Net Profit

Pfizer Ltd, the Indian unit of drug maker Pfizer Inc (NYSE: PFE), reported a 2.7% surge in its Q3 net profit.

Pfizer India's net profit for the period rose to INR482.8 million ($9.81 million), from INR469.9 million versus the previous three-month period. Its net sales dropped 7.4% to INR2.52 billion versus the previous three-month period.

Its total expenses declined 8.3% to INR2.21 billion versus INR2.41 billion.

PFE shares closed at $21.48 on Friday.