December 9, 2009 / 2:25 PM / 10 years ago

UPDATE 1-Hi-Tech Q2 profit soars, shares rise

* Q2 EPS $0.60 vs $0.09 yr ago

* Q2 sales rise 63 pct

* Shares jump 11 pct pre-market

Dec 9 (Reuters) - Hi-Tech Pharmacal Co Inc HITK.O posted nearly a six-fold jump in quarterly profit as it sold more higher-margin products like generic eye drops, sending its shares up 11 percent in pre-market trade.

Net income for the second quarter was $7.4 million, or 60 cents a share, compared with $1.1 million, or 9 cents a share, in the year-ago period.

Net sales rose 63 percent to $40.9 million.

Shares of Hi-Tech were up at $24.20 in pre-market trade Wednesday. They closed at $21.83 Tuesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Anne Pallivathuckal)

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