Abbott Lab posts 73% jump in net - Views on News from Equitymaster

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Abbott Lab posts 73% jump in net

Oct 26, 1999

Abbott Laboratories has posted a sharp jump in net profits. This is mainly due to improved operating efficiencies and a 33% decline in interest expenditure. The company has also registered an increase in margins to 5.7% on the back of these factors.

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 505 466 8.3%
Other Income 1 2 -27.4%
Expenditure 463 433 7.1%
Interest 10 15 -33.1%
Depreciation 4 4 1.7%
Profit before Tax 29 17 70.6%
Tax - - NM
Profit after Tax 29 17 73.0%
Net profit margin 5.7% 3.6%  

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