India fertilizer producer RCF posts 6% rise in Q2 net profit

29 October 2012 17:30  [Source: ICIS news]

LONDON (ICIS)--Leading Indian fertilizer producer Rashtriya Chemicals and Fertilizers Limited (RCF) on Monday posted a 6% year-on-year rise in second quarter net profit to Indian rupees (Rs) 828.8m ($15.5m, €11.9m) on the back of higher sales.

In a short regulatory filing, the state-run company said net sales for the quarter ended 30 September jumped 14% to Rs9.4bn from Rs8.2bn in the same period last year.

Headquartered in Mumbai, RCF is a major producer of urea and phosphate-based fertilizers.

($1 = Rs 53.55, €1 = Rs 69.35)

By: Richard Ewing
+44 208 652 3214

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