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Neuland Laboratories Ltd’s net profit more than doubled to Rs 7.8 crore in the first quarter ended June 30, 2013 compared with Rs 3 crore in the year-ago period. Revenue of the Hyderabad-based company decreased to Rs 122 crore (Rs 127 crore). “Neuland reported continued progress on our campaign to reduce costs and increase profitability in the first quarter,” D.R. Rao, Chairman and Managing Director of Neuland Labs said in a release.
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