29 October 2007 11:42 [Source: ICIS news]
MUMBAI(ICIS news)--Supreme Petrochem posted a 5% year-on-year drop in second quarter operating profit to Indian rupees (Rs) 178.6m, the company said on Monday.
For the quarter, the company’s net sales were down 3% to Rs3.47bn compared to the year-ago period and its net profit fell 13% to Rs60.5m ($1.5m).
Quarter-over-quarter, its operating profit was down 31% and its net sales fell 7%. The company said its second quarter net profit was down about 49%.
Shares in Supreme Petrochem were up 4.38% to Rs27.40 at 10:27 GMT on Monday on the Bombay Stock Exchange.
($1 = Rs39.45)
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