Monday, July 23, 2007

India Dr. Reddy's Q1 net up 30.5 pct, lags forecast

(Reuters) - By Himangshu Watts



MUMBAI, July 23 - Indian drug maker Dr. Reddy's Laboratories Ltd. on Monday missed expectations with a 30.5 percent rise in first quarter net profit, although demand for cheaper generic drugs was strong as countries look to cut healthcare costs.


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