The Hindu Business Line : Clariant Chemicals net jumps

Clariant Chemicals (India) Ltd, formerly known as Colour-Chem Ltd, has reported a net profit of Rs 15.19 crore for the quarter ended June 30, 2006, an increase of 145 per cent compared to Rs 6.20 crore in the corresponding period of the previous year. Net sales increased by 131.40 per cent to Rs 229.44 crore from Rs 99.15 crore.

The results for the quarter do not include the figures of the erstwhile Clariant India, Vanavil Dyes and Chemicals BTP India and Kundalini Investments Ltd, which are amalgamated with the company.

"We are currently consolidating all aspects of our operations in order to harness the full benefits of integration and thereby add greater value for customers in all the markets that we serve," said the company in a press release quoting its Vice-Chairman and Managing Director, Mr Heiner Meier.

Earnings per share rose to Rs 5.70 from Rs 5.32.

Dyes and specialty chemicals were responsible for the most sales, accounting for Rs 133.16 crore of the total sales.

Shares of the company fell by 1.13 per cent to close at Rs 261.80 on the BSE.