Sanofi India gains as quarterly profit doubles on strong diabetes business performance
BUZZ-Sanofi India gains as quarterly profit doubles on strong diabetes business performance ** Shares in Sanofi India SANO.NS up as much as 7.3% at a three-month high of 3,422.60 rupees, last up nearly 2%
** Company's September-quarter profit more than doubles to 1.17 billion rupees ($12.29 million), revenue from operations up 3.4%
** Results backed by high single-digit growth in insulin portfolio, CEO says diabetes business is "firmly in momentum"
** Stock down ~21 so far this year
($1 = 95.1900 Indian rupees)
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))
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