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Clariant Q1 net down, announces 110% dividend
PTI - Mumbai
Leading manufacturer and supplier of dyes and speciality chemicals
Clariant (India) has reported a 17.22 per cent drop in net profit for the first
quarter ended June 30, 2004 at Rs 4.9 crore as compared to Rs 5.9 crore for
the same period in the previous year.
The board has proposed a higher dividend of 110 per cent (Rs 11) per share for
2003-04 as against 100 per cent last year.
Total income during the period under review were also lower at Rs 78.85 crore
as against Rs 82.67 crore in Q1 last fiscal, the company said in a release.
While domestic sales have grown by about 16 per cent. Exports were lower by
about 42 per cent mainly due to weak demand from European countries and intensive
price competition from China in global markets.
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