The Hindu Business Line : Clariant net profit up 37 pc

MUMBAI: Clariant (India) Ltd has recorded a 37 per cent increase in net profit at Rs 7.16 crore for the second quarter of 2005-06 against Rs 5.21 crore in the year-ago period.

The total income during the quarter moved up to Rs 94.84 crore from Rs 85.74 crore.

For the first half of the current financial year, the company recorded sales turnover of Rs 182.8 crore (Rs 161.4 crore), up 13 per cent, and earned net profit after tax of Rs 12.9 crore (Rs 10.1 crore), recording a growth of over 28 per cent.

Industry segments dyes and chemicals, and masterbatches recorded sales growth of 9 per cent and 28 per cent for the quarter and 12 per cent and 41 per cent respectively for the half year.

Shares of Clariant moved up to Rs 308 from the previous close of Rs 303.55 on the BSE.

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