medplus
reported a surge in first-quarter profit on Friday, driven by growth in the organised retail pharmaceutical sector.
MedPlus, which sells medicines online and in retail stores, said consolidated net profit rose 3.8 times to 143.6 million rupees ($1.7 million) for the quarter ended June 30.
Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms.
Analysts also pointed to the launch of new drugs and medical devices for the profit jump.
MedPlus, which sells medicines online and in retail stores, said consolidated net profit rose 3.8 times to 143.6 million rupees ($1.7 million) for the quarter ended June 30.
Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms.
Analysts also pointed to the launch of new drugs and medical devices for the profit jump.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.