Taro Acquisition Boosts Sun Pharma Profit
Taro registered strong growth in sales and improvement in margins, causing Sun to post a 35% rise in net sales and 12% growth in net profit.
Indian pharmaceutical firm Sun Pharma announced its Q4 2010 performance last week. The company's financial results were boosted by its acquisition of Taro in September 2010, contributing one third of the company's consolidated net sales.
Taro registered strong growth in sales and improvement in margins, causing Sun to post a 35% rise in net sales and 12% growth in net profit.
Sun suffered a number of set backs, including falls to its existing product range in the US, and the costs incurred relating to the resolution of US Food and Drug Administration (FDA) regulatory issues surrounding Taro's Canadian facility are yet to be released.
Positive results, coupled
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