Clariant achieves a Net Profit of Rs.144.3 million in Q1

Clariant Chemicals (India) Limited has reported a Net Profit of INR 144.3 mn for the quarter ended March 31, 2007, as against a Net Profit of INR 59.7 mn. (after adjustment of integration expenses of INR 85.56 mn.) in the corresponding period of the previous year. Its net sales for the quarter ended March 31 2007 amounted to INR 2036 mn.

The company’s performance reflects the benefits of operational streamlining, synergies and savings arising out of the successful integration of the Clariant group companies in April 2006 into Clariant Chemicals (India) Limited.

The company’s main businesses are all performing well, in line with the growth in the markets they serve.

The stock closed the day at Rs.293, up by Re.0.20 or 0.07%. The stock hit an intraday high of Rs.302 and low of Rs.290.65. The total traded quantity was 6468 shares compared to 2 week average of 6245.

Source : Equity Bulls

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