India’s GSFC posts 12.3% drop in Q3 profits

22 January 2008 14:33  [Source: ICIS news]

MUMBAI (ICIS news)--India’s Gujarat State Fertilizers & Chemicals (GSFC) posted a 12.3% year-on-year drop in third-quarter operating profits to rupees (Rs) 1.5bn ($38.1m), the company said on Tuesday.

It failed to elaborate on the figures.

For the quarter, the company’s net sales were up 9.5% to Rs9.9bn, while its net profits were down 7.04% year on year to Rs742.6m, the company said.

Quarter over quarter, the company’s operating profits were down 11.7% and its net sales were down 8.6%. For the period, the company’s net profits fell 9%, it added.

Shares of the company were down 6.57% to close at Rs249.05 on the Bombay Stock Exchange.

($1 = Rs39.36)

By: Isha Jha
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly