Pfizer has registered a net profit of Rs.328.88 crore during the first quarter ended June 2012 on account of gain of Rs.382.52 crore after transferred of its animal health division to newly formed subsidiary Pfizer Animal Pharma Pvt Ltd. The company had incorporated a wholly owned subsidiary on February 10, 2012 for a temporary period with a view to spin off the animal health business. It had recorded net profit of Rs.41.24 crore in the same quarter of last year.
The company's net sales declined by 9.1 per cent to Rs.219.83 crore from Rs.241.87 crore in the last period mainly on account of spin off the animal health division. Its pharmaceutical sales increased by 3.5 per cent to Rs.217.80 crore from Rs.210.41 crore and sales from services improved by 19.7 per cent to Rs.22.77 crore from Rs.19.03 crore. Animal Health division recorded sales of Rs.31.46 crore in the last period. The figures are not strictly comparable. Its EBDITA declined by 10.8 per cent to Rs.57.49 crore from Rs.64.45 crore.