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Clariant Chemicals achieves net profit of INR 328.6 mn

13
Mar '07
Clariant Chemicals (India) Limited has reported Net Sales of INR 6870 million and Profit after Tax of INR 328.6 million for the nine months period ended December 31, 2006. The Board of Directors has recommended a dividend of INR 18 per equity share - including a 'Golden Jubilee' special dividend of INR 10 per equity share - for approval by the company's shareholders at its AGM.

In its meeting held on September 14, 2006, the Board of Directors had decided to change the accounting year of the Company from the financial year April to March to the calendar year January to December, with effect from 2007. The Company has therefore closed its accounts for the current accounting period on December 31, 2006 i.e. for a period of nine months.

In view of this, its financial performance for the current period April – December 2006 (nine months) cannot be directly compared with that achieved in the previous year April 2005 – March 2006 (twelve months).

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, which is represented on five continents with over 100 group companies, employs around 21,500 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.1 billion in 2006. Clariant's businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and Functional Chemicals.

Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products.

The company's success is based on the know how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.

Clariant Chemicals (India) Limited


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