Financial Daily from THE HINDU group of publications
Saturday, May 14, 2005
Financial Daily from THE HINDU group of publications Saturday, May 14, 2005 |
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Corporate Results
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Diversified Clariant India net dips 11 pc Our Bureau
MUMBAI: Clariant India Ltd has reported 11.2 per cent fall in net profit at Rs 18.5 crore for the year ended March 2005 from Rs 20.8 crore in the previous year. The company recorded a sales turnover of Rs 332.1 crore as against Rs 316.7 crore, a growth of 4.8 per cent over the previous year. The domestic sales grew 18.6 per cent from Rs 221.9 crore to Rs 263.2 crore. The board of directors has proposed a final dividend of Rs 6 per share, which together with the interim dividend already paid, sums up to a total dividend of Rs 11 per share. According to a company press release, the fall in exports on account of pressure from other Asian countries and a drop in orders for certain products, has affected the overall sales performance. The fall in net profit is due to the sharp increase in prices of certain basic input materials, competitive price pressures and lower income from other sources.
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