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MUMBAI: Clariant (India) Ltd, an affiliate of the Swiss multinational manufacturer and supplier of dyes and speciality chemical products for textile, leather and paper, has reported a lower net profit of Rs 5.21 crore for the quarter ended September 30, over Rs 6.15 crore during the corresponding previous period.

Sales stood at Rs 84.36 crore (Rs 81.92 crore), while other income was Rs 1.38 crore (Rs 3.28 crore).

A company release said that domestic sales growth of 17 per cent in the quarter offset negative growth in export sales resulting into marginal growth of three per cent in net sales over the corresponding previous period. In view of lower income from other sources, the company reported a lower net profit.

The company is looking for sustained overall performance for the full year. The board has approved payment of interim dividend of Rs 5 per share for 2004-05.

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Clariant net dips

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