9 Aug 2018
Clariant Q1, 2018 Profit grows to Rs.15.30 crores
Mumbai, August 9, 2018 – Clariant Chemicals (India) Limited, India's leading specialty chemicals producer, reported sales of Rs. 264 crore, for the quarter ended June 30, 2018, as against Rs. 258 crore, on a comparable basis for the corresponding quarter of the previous year. The PBITDA for the quarter ended June 30, 2018, stood at Rs. 24.81 crore, as compared to Rs. 7.20 crore in the corresponding quarter of the previous year.
The Company’s profit before tax grew to Rs. 15.30 crores for quarter ended June 2018 as compared to loss before tax of Rs. 2.30 Crores for quarter ended June 2017.
“Effective cost management and resource optimization, with a better product portfolio has enabled us to improve the profitability,” explained Mr. Adnan Ahmad, VC&MD Clariant Chemicals (India) Limited.
For more details and the reported extract of the financial result, please download the PDF of the press release.
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Clariant International Ltd
Rothausstrasse 61
4132 Muttenz 1
Switzerland
Notes for editors
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2017 the company employed a total workforce of 18 135. In the financial year 2017, Clariant recorded sales of CHF 6.377 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.
www.clariant.in
Clariant’s listed entity in India - Clariant Chemicals (India) Ltd, headquartered in Mumbai includes the businesses Pigments, Masterbatches and Additives, which deliver solutions for the emerging industry sectors in India. The 800+ employees generated sales of INR 9.93 billion (year ended March 31, 2018). Clariant has also invested in a state-of-the-art Regional Innovation Center in Mumbai, with an aim to co-create tailor-made solutions with customers for the industry.
Clariant is committed to Responsible Care® and several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of Dow Jones Sustainability Indices.
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Clariant International Ltd
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EMG