Caraco Pharma earned net income of $1.2m during the first quarter of Fiscal 2011, as compared to incurring a net loss of $9.4m during the corresponding period of Fiscal 2010
The company has posted a net income of $1.2m during the first quarter of Fiscal 2011, or $0.03 per diluted share, compared to $9.4 m, or $0.25 per diluted share, for the same period prior year.
Operating income was $1.58m, compared to $14.4m for the comparable period in 2010.
Caraco is a subsidiary of Sun Pharmaceutical Industries (Sun Pharma), a pharmaceutical company in India.