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US drug distributor Cardinal Health's profit dips 17.7 pct

Aug 2 (Reuters) - U.S. drug distributor Cardinal Health reported a 17.7 percent decline in quarterly profit on Wednesday, hurt by weak generic drug prices.

Net earnings attributable to the company fell to $274 million, or 86 cents per share in the fourth quarter ended June 30, from $333 million, or $1.02 per share, a year earlier.

Cardinal's net sales rose 5 percent to $32.97 billion. (Reporting by Akankshita Mukhopadhyay and Manas Mishra in Bengaluru)