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Pfizer Ltd. — Earnings Release 2021
Nov 2, 2020
60507_rns_2020-11-02_366b3b30-4fd5-4271-986a-c80325a990c1.pdf
Earnings Release
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Limited
The Capital, 1802 / 1901, Plot No. C - 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. Tel : +91 22 6693 2000 Fax : +91 22 2654 0274
November 2, 2020
The Corporate Relationship Dept. The Manager, Listing Dept. BSE Limited The National Stock Exchange of India Ltd. 1[st] Floor, P.J.Towers Exchange Plaza, 5[th] Floor, Dalal Street, Fort Plot No. C/1, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E) Scrip Code: 500680 Mumbai - 400 051 Scrip Symbol: PFIZER
Dear Sirs,
Sub: Press Release.
Please find enclosed press release for the unaudited financial results for the quarter and half year ended September 30, 2020.
Please take the above on record.
Thanking you,
Yours truly,
For Pfizer Limited
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Prajeet Nair Company Secretary
CIN: L24231MH1950PLC008311 [email protected]
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Press Release For immediate dissemination
Pfizer Limited revenue from operations for the quarter and half year ended September 30, 2020 is ₹ 595 crore and ₹ 1,110 crore respectively
Pfizer Limited announced its unaudited results for the quarter and half year ended
September 30, 2020.
Revenues
Revenue from operations for the quarter ended September 30, 2020 is ₹595 crore as compared to ₹567 crore in the same period last year.
Revenue from operations for the half year ended September 30, 2020 is ₹1,110 crore as compared to ₹1,111 crore in the same period last year.
The current quarter sales have been impacted by divesture of rights and interests in certain brands and COVID-19. Adjusting for the above, the growth for the quarter and half year ended September 30, 2020 would have been 10.1% and 8.6% respectively. Hospital and Vaccines business reflected improved performance due to easing of lockdown.
Profits before other income and tax
Profit from operations (before other income and tax) for the quarter and half year ended September 30, 2020 is ₹176 crore and ₹335 crore respectively.
Profit after tax
Net Profit after tax (including other comprehensive income) for the quarter ended September 30, 2020 is ₹129 crore as against ₹153 crore in the same period last year.
Net Profit after tax (including other comprehensive income) for the half-year ended September 30, 2020 is ₹251 crore as against ₹265 crore in the same period last year.
COVID-19
The COVID-19 pandemic and consequent Nationwide lockdown have impacted regular business operations. The Company has monitored the impact of COVID-19 on all aspects of its business. The management has exercised due care, in concluding on significant accounting judgements and estimates, recoverability of receivables, assessment for impairment of goodwill, intangible assets, inventory based on the information available as on date, while preparing the financial results.
In view of the continued uncertainties and its inability to predict the extend and duration of COVID-19 situation, the Company currently is unable to predict any future impact on its business operations. The Company will continue to ensure supply of essential medicines and take steps to mitigate any risks associated with COVID-19 pandemic.
For more information,
| For more information, | |
|---|---|
| Investors: | Media: |
| Prajeet Nair | Chikita Sobti |
| Pfizer Limited | Pfizer Limited |
| Ph: +91-9619929945 | +91-9820191347 |
| Email:[email protected] | [email protected] |
About Pfizer Limited:
At Pfizer, we apply science and our global resources to improve health and well-being at every stage of life. We strive to set the standard for quality, safety and value in the discovery, development and manufacturing of medicines for people. Every day, Pfizer colleagues work to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as the world’s leading Biopharmaceutical Company, we also collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 60 years in India, Pfizer has worked to make a difference for all who rely on us. To learn more about our commitments, please visit us at www.pfizerindia.com
Disclaimer
The information contained in this press release is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all information relating to the context has been taken care of in the press release and neither we undertake any obligation as to the regular updating of the information as a result of new information, future events or otherwise. We will accept no liability whatsoever for any loss arising directly or indirectly from the use of, reliance of any information contained in this press release or for any omission of the information. The information shall not be distributed or used by any person or entity in any jurisdiction or countries were such distribution or use would be contrary to the applicable laws or Regulations. It is advised that prior to acting upon this press release, independent consultation / advise may be obtained and necessary due diligence, investigation etc. may be done at your end.