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Clariant records growth of 6.4% in sales turnover in 2008
24 Feb '09
1 min read
Clariant Chemicals (India) Limited has recorded the sales turnover (net of excise) of Rs. 916.39 crore as against Rs. 861.44 crore in the previous year.
Despite all the challenges in the market place arising out of global recession, the Company during the year registered an overall growth of 6.4% in Sales, 32.9% in Profit before depreciation, interest, exceptional items and tax and 112.3% in net profit after tax over previous year.
Effective cost management and constant review of its pricing policy have resulted into further improvement in the operating profit margins (PBDIT) from 12% to 15%.
The overall efficiency has yielded higher profit after tax (PAT) of 7.4% to sales as compared to 3.7% in the previous financial year.
Considering the consistent performance and the policy of sharing the success pursued by the Company, the Board of Directors has recommended a dividend of Rs. 19 per share (190%) as compared to Rs. 10 per share (100%) paid in the previous year.
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Despite all the challenges in the market place arising out of global recession, the Company during the year registered an overall growth of 6.4% in Sales, 32.9% in Profit before depreciation, interest, exceptional items and tax and 112.3% in net profit after tax over previous year.
Effective cost management and constant review of its pricing policy have resulted into further improvement in the operating profit margins (PBDIT) from 12% to 15%.
The overall efficiency has yielded higher profit after tax (PAT) of 7.4% to sales as compared to 3.7% in the previous financial year.
Considering the consistent performance and the policy of sharing the success pursued by the Company, the Board of Directors has recommended a dividend of Rs. 19 per share (190%) as compared to Rs. 10 per share (100%) paid in the previous year.
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant Chemicals (India) Limited
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