16 May 2018
Clariant records Sales of Rs. 1014 crore for year ended March 2018
- Net Sales for the 12 months ended March 2018 grew by 3.4%
- Board recommends a Final Dividend of Rs. 5/- per share (50%)
Mumbai, May 16, 2018 – Clariant Chemicals (India) Limited, India’s leader in specialty chemicals, today announced its financial results for the year ended March 31, 2018.
The Net Sales for the 12 months ended March 31, 2018, stood at Rs. 1014 crore as against the reported sales of Rs. 981 crore for the period ended March 31, 2017. The Company registered a growth of 3.4% for the 12 months, as against the same period last year.
The Company’s Profit before tax stood at Rs. 33.4 crore for the 12 months ended March 31, 2018 as compared to Rs. 36.3 crore for the period ended March 31, 2017.
The Board has recommended a Final Dividend of Rs. 5/- per share (50%).
For the quarter ended March 31, 2018, the Net Sales was at Rs. 244 crore as against Rs. 254 crore. The Profit from operations stood at Rs. 1.9 crore for the quarter ended March 31, 2018 as against Rs. 10.2 crore in the same period last year.
The Company continues its focus on raw material and cost management, site optimization, targeting new markets and introducing innovative products in its drive for sustainable growth.
For more details and the reported extract of the financial result, please download the PDF of the press release.
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Notes for editors
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2017 the company employed a total workforce of 18 135. In the financial year 2017, Clariant recorded sales of CHF 6.377 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.
Clariant in India, headquartered in Mumbai, operates in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings, including businesses like Pigments (Coatings, Printing and Plastics and Special Applications), Additives, Industrial & Consumer Specialties, Mining Services and Masterbatches, thus delivering solutions for the industry and the society. The 900-plus employee strength generated sales of INR 10.08 billion (in 2014). In 2014, Clariant invested in a state-of-the-art Regional Innovation Center in Mumbai, with an aim to co-create tailormade solutions with customers for the industry.
Clariant is committed to Responsible Care® and several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of Dow Jones Sustainability Indices.