business

Cipla disappoints; says Indore SEZ to add 10% to FY12 sales

Rationalising the company's dismal performance during the quarter, chairman and managing director YK Hamied said that the special economic zone (SEZ) at Indore and higher material costs led to lower profitability. "Also, selling anti AIDS and malaria drugs to Africa at humanitarian prices too had an impact."

first published: May 5, 2011 04:50 pm