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Saturday, October 23, 2010

Dr. Reddy's Second-Quarter Profit Rises 32% on Increased Sales of Generics

Dr. Reddy’s Laboratories Ltd., India’s second-biggest drugmaker by revenue, said second-quarter group profit jumped 32 percent to 2.87 billion rupees ($64 million) on increased sales of generic drugs.

Sales increased to 18.9 billion rupees in the three months ended Sept. 30, from 18.5 billion rupees a year earlier, the company said in an e-mailed statement today.

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