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MUMBAI: Clariant (India) Ltd, a manufacturer and supplier of dyes and speciality chemical products for textiles, leather and paper, has recorded a lower net profit of Rs 4.9 crore in the first quarter of the current financial year, against Rs 5.9 crore for the same period last year.

The board has proposed a higher dividend of Rs 11 per share (110 per cent) for the financial year 2003-04 against Rs 10 per share paid for the previous year. This works out to a payout of 71 per cent, the highest in the history of the company.

Sales turnover for the first quarter ended June 30, 2004, dropped to Rs 77 crore (Rs 79.6 crore). While domestic sales grew by about 16 per cent, export sales fell by 42 per cent.

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E.I.D. Parry net at Rs 24.5 crore

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