29 May 2008 13:15 [Source: ICIS news]
MUMBAI (ICIS news)--Aarti Industries has reported a 90% year-on-year jump in its fourth-quarter operating profits to rupees (Rs) 383m ($9m) on an increase in demand and a subsequent rise in production, the specialty and agro chemicals company said on Thursday.
For the period ended 31 March, Aarti's net profits rose 67.2% year on year to Rs103.2m, while its net sales increased 40.5% to Rs2.7bn, the company said.
For the full year, the firm’s operating profits rose 33.8% to Rs1.2bn, while net sales increased 18.2% to Rs8.96bn and net profits jumped 40% to Rs366.7m, it added.
Aarti planned to debottleneck its plants to keep pace with rising demand, a company source told ICIS news.
For fiscal 2008-2009 Aarti expected a turnover of Rs10bn, the source added.
Aarti's shares were down 2.38% to Rs34.9 at the close of the Bombay Stock Exchange.
($1 = Rs42.63)
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections