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Results: Wockhardt Q4 net loss at Rs 106.84 crore


Results: Wockhardt Q4 net loss at Rs 106.84 crore
Results: Wockhardt Q4 net loss at Rs 106.84 crore
Drug firm Wockhardt on Thursday reported a consolidated net loss of Rs 106.84 crore for the quarter ended March 31, 2021.
The company had posted a net profit of Rs 68.51 crore for the corresponding period of the previous fiscal, Wockhardt said in a BSE filing.
The consolidated total income of the company for the quarter under consideration stood at Rs 639.50 crore. It was Rs 700.66 crore for the same period a year ago, it added.
For the financial year ended March this year, the company posted a net profit of Rs 688.60 crore. The company posted a loss of Rs 43.39 crore for the previous financial year, Wockhardt said. ....

Canadian Imperial Bank of Commerce quarterly profit beats expectations


By Reuters Staff
1 Min Read
FILE PHOTO: The Canadian Imperial Bank of Commerce (CIBC) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie
TORONTO (Reuters) - Canadian Imperial Bank of Commerce beat analysts’ estimates for quarterly profit on Thursday, driven by much lower-than-expected provisions.
Net income excluding one-off items rose to C$1.67 billion ($1.38 billion), or C$3.59, in the three months ended April 30, compared with C$441 million, or 94 Canadian cents, a year earlier. Analysts had expected C$3.01 a share, according to IBES data from Refinitiv.
Canada’s fifth-biggest lender reported overall net profit of C$1.65 billion, or C$3.55 a share, up from C$392 million, or 83 Canadian cents, a year ago. ....

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