6 Nov 2019
Clariant Chemicals Q2 profits up by 177.8%;
Sales grew by 6.1%
Mumbai, November 6, 2019 – Clariant Chemicals (India) Limited reported profit before tax of Rs. 21.1 crore for the quarter ended September 2019, as compared to profit before tax of Rs. 7.6 crore for the quarter ended September 2018 – a growth of 177.8%.
The Company reported sales growth of 6.1%, at Rs. 272.1 crore, for the quarter ended September 2019, as against Rs. 256.4 crore for the corresponding quarter in the previous year.
Profit before tax stood at Rs. 39.5 crore for half year ended September 2019, as compared to profit before tax of Rs.22.9 crore for half year ended September 2018 – a growth of 72.8%.
The Company reported sales of Rs. 567.9 crore, in the first half of 2019-20, as against Rs. 520.7 crore for the corresponding half of the previous year.
‘‘The Company’s continuous focus on its strategy to deliver profitable growth has once again resulted in improved performance for the quarter, even though we are facing headwinds in the market,’’ said Adnan Ahmad, Vice Chairman & Managing Director, Clariant Chemicals (India) Limited.
Reader enquiriesClariant International Ltd
4132 Muttenz 1
+41 61 469 6742
Notes for editors
Clariant is a focused and innovative specialty chemical company, based in Muttenz near Basel/Switzerland. On 31 December 2018 the company employed a total workforce of 17 901. In the financial year 2018, Clariant recorded sales of CHF 4.404 billion for its continuing businesses. The company reports in three business areas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.