Pharmacy Chain 36.6 Falls Second Day as Net Income Plunges 99%

OAO Pharmacy Chain 36.6, Russia’s biggest drugstore chain, fell for a second day after the company reported a 99 percent plunge in first-quarter profit.

The shares declined 0.1 percent to 30.86 rubles as of 3:06 p.m. in Moscow after earlier climbing as much as 4.4 percent.

Net income dropped to 2 million rubles ($61,685) in the period, compared with 206 million rubles a year earlier, the company said in an e-mailed statement today.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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