Clariant Q1, 2018 profit grows
Chemicals ( India) Ltd, India’s leading specialty chemicals producer, reported sales of ` 264 crore, for the quarter ended June 30, 2018, as against ` 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 ` 24.81 crore, as compared to ` 7.20 crore in the corresponding quarter of the previous year. The company’s profit before tax grew to ` 15.30 crore for quarter ended June 2018 as compared to loss before tax of ` 2.30 crore 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 ClariantChemicals (India) Ltd.