Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 26, 2006 |
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Corporate Results
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Chemicals Colour-Chem posts 11% rise in net profit Our Bureau
Mumbai , Jan. 25 COLOUR-Chem Ltd has reported an 11 per cent increase in its December 2005 quarter net profit at Rs 1.32 crore compared to Rs 1.19 crore in the year-ago period. Net sales grew by 14 per cent to Rs 95.81 crore. Other expenditure for the quarter rose substantially, largely on account of a one-time adjustment of profit on sale of land amounting to Rs 1.18 crore. The company said its shareholders had voted in favour of the proposal to merge the Clariant affiliates — namely Clariant (India) Ltd, BTP India Pvt Ltd and Colour-Chem's subsidiaries, Vanavil Dyes and Chemicals Ltd and Kundalika Investments Ltd — into Colour-Chem Ltd. Other approvals are awaited to enable the merged company to begin operations under the new name of Clariant Chemicals (India) Ltd.
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