From correspondents in Maharashtra, India, 11:23 PM IST
Camlin Fine Chemicals Ltd., today announced its financial results for the quarter ended 30th June, 2008. The company posted profit before tax of Rs. 165.57 lacs, EBIDTA at Rs. 381.22 lacs and announced that the sales/Income from operations have grown to Rs. 2139.64 lacs.
Performance highlights for the Quarterly results
- Sales/Income from Operations stood at Rs. 2139.64 lacs during the quarter ended 30th June, 2008 as against Rs.1833.60 lacs in the previous year’s quarter for the same period, thereby registering a growth of 17%.
- Profit before tax stood at Rs. 165.57 lacs during the quarter ended 30th June, 2008 as against Rs.85.39 lacs in the previous year’s quarter for the same period, thereby registering a growth of 94%.
- EBIDTA stood at Rs. 381.22 lacs during the quarter ended 30th June, 2008 as against Rs.253.58 lacs in the previous year’s quarter for the same period, thereby registering a growth of 50%.
Mr. Ashish Dandekar, Managing Director of the company commented on the results, “The combination of strong R&D and Technological support and a boost in demand from the growth in domestic and global food industry and also growth in Ediable Oil demand have helped the company to reflect such an impressive performance in the 1st Quarter ending 30th June 2008 in the current year. With a customer base spread across 45 countries and multiple product sectors, we expect the growth to continue.”
“Our strategic approach of enhancing our product basket has begun to pay off and we will continue with strong product development, process development and business support to enhance our market share.”
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