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Q1 sales up 4.8% at Clariant India
27
Apr '12
India's leading specialty chemicals producer – Clariant Chemicals (India) Limited has recorded the sales turnover (net of excise) of Rs 239.28 crore during the quarter ended March 31, 2012 as against Rs 228.17 crore in the same quarter of previous year. The profit before tax and exceptional items of Rs 34.2 crore is down from Rs 42.4 crore in the first quarter of 2011.

The shareholders approved the final Dividend of Rs 30 per share (300%), which together with the interim Dividend of Rs 30 per share already paid in August 2011, makes a total
Dividend of Rs 60 per share (600%); as compared to Rs 30 per share (300%) paid in the previous year.

Reviewing the previous year's performance, Mr. R.A. Shah, Chairman - Clariant Chemicals (India) Limited said that, “… the Company was able to sustain business performance and in spite of general slow-down in demand both in domestic and international markets, it has registered a positive growth in sales on like to like basis.

“The operational performance for the year was not strictly comparable with that of 2010 due to the fact that the performance during the previous year included operations of manufacturing facilities at Balkum, Thane which was closed in December, 2010.”

Mr. Peter Palm, Vice-Chairman & Managing Director - Clariant Chemicals (India) Limited, explained that, “Due to slowing down of domestic demand, Clariant in India had to face restraint on its growth drive which was one of the lowest in the recent past. Clariant still see an enormous potential in the Indian market.

“The group has maintained its presence here for over 50 years and with 4 production sites as at present, it has a well-established and efficient organization structure. The Company continues to remain focused and has positioned itself as a preferred supplier of products in the highly competitive business segments in which it operates.”

Clariant is an internationally active specialty chemical company, based in Muttenz near Basel.

Clariant Chemicals (India) Limited

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