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  2. Clariant Chemicals Sales Up At 239 Crore In Q1 2012

Clariant Chemicals Sales Up At 239 Crore In Q1 2012

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By admin on Fri, 04/27/2012 - 15:03

chemicals india limited po sandoz baug, kolshet road, thane 400 607 april 26, 2012 media release clariant chemicals india limited clariant chemicals sales up at 239 crore in q1&rsquo 2012 thane india, april 26, 2012 &ndash india&rsquos leading specialty chemicals producer clariant chemicals india limited has recorded the sales turnover net of excise of 239.28 crore during the quarter ended march 31, 2012 as against 228.17 crore in the same quarter of previous year. The profit before tax and exceptional items of 34.2 crore is down from 42.4 crore in the first quarter of 2011. The shareholders approved the final dividend of 30 per share 300, which together with the interim dividend of 30 per share already paid in august 2011, makes a total dividend of 60 per share 600 as compared to 30 per share 300 paid in the previous year. Reviewing the previous year&rsquos performance, mr. R.a. Shah, chairman clariant chemicals india limited said that, &ldquo&hellip the company was able to sustain business performance and in spite of general slowdown 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.&rdquo mr. Peter palm, vicechairman & managing director clariant chemicals india limited, explained that, &ldquodue 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 clariant chemicals india limited country communications media release feb 17, 2012 page 2 of 2 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 wellestablished and efficient organisation 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.&rdquo for further information, the company&rsquos website can be accessed at www.clariant.in for more details or to send clippings, kindly contact us at clariant chemicals india limited b.l. Gaggar, directorfinance & company secretary phone 91 222531 5406 philips abraham, corporate communications, india phone 91 222531 5416 clariant &ndash exactly your chemistry clariant is an internationally active specialty chemical company, based in muttenz near basel. The group owns over 100 companies worldwide and employed 22,149 employees on december 31, 2011. In the financial year 2011, clariant produced a turnover of chf 7.4 billion. Clariant is divided into eleven business units additives catalysis & energy emulsions, detergents & intermediates functional materials industrial & consumer specialties leather services masterbatches oil & mining services paper specialties pigments textile chemicals. Clariant focuses on creating value by investing in future profitable and sustainable growth, which is based on four strategic pillars improving profitability, innovation as well as research and development, dynamic growth in emerging markets, and optimizing the portfolio through complementary acquisitions or divestments.

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