MedPlus Health Posts Higher Q2 Profit
MedPlus Health Services reported a slight increase in second quarter profit as retail revenue rose and the store network expanded. Consolidated net profit reached 560.8 million rupees while total revenue grew 21 percent to 20.37 billion rupees.
Insights:
India pharmacy chain MedPlus Health Services reported a net profit of 560.8 million rupees ($5.89 million) for the quarter ended September 30, up from 555.01 million rupees a year earlier. The modest earnings growth came as retail revenue climbed through store network expansion. Demand for chronic therapies and organized drug retail drove the quarterly performance.
