Clariant Chemicals (India) records Sales of INR 517.9 crore in H1 2016-17
Clariant Chemicals (India) Limited, India’s leading specialty chemicals producer, recorded Sales of INR 517.9 crore in H1 2016-17, registering a growth of 6.5 % as compared to the same period in the previous year. The Sales for the continued businesses (Plastics & Coatings segment) grew by 13.9 % in H1 2016-17
The Company’s reported Sales grew to INR 247.3 crore, for the quarter ended September 30, 2016 as compared to INR 241.7 crore in the same period last year. The continued businesses (Plastics and Coatings segment) grew by 7.3 %, for the quarter ended September 30, 2016.
The Profit from Operations in H1 2016-17 stood at INR 21.9 crore (4.2 % of Sales). The Profit from Operations for the quarter ended September 30, 2016 rose to INR. 3.6 crore (1.4 % of Sales) as against INR. 0.9 crore (0.4 % of Sales) for the same period last year.
The Company is maintaining its sustainable growth targets in its core continuing businesses with better raw material management, targeting new customers and introducing innovative products.