Mangalore Chemicals Oct-Dec net profit falls 96% on year, sales fall 52%

Mangalore Chemicals and Fertilizers Ltd's net profit for the December quarter nosedived 95.6% on year to 8 mln rupees. Revenue from operations for the quarter slumped 51.6% to 3.27 bln rupees. Sequentially, the net profit fell 98% and revenue fell 52.5%.