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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
Tata Chemicals Reports Fall in Profits and Sales
7:20 AM MDT | May 24, 2010 | Deepti Ramesh
Tata Chemicals (Mumbai) recorded a 6.5% fall in net profits for the fiscal year ended March 31, 2010, to Rs6.06 billion ($129 million), compared with the previous fiscal year. Sales decreased 25%, to Rs95.4 billion. Sales at the company's fertilizer segment fell 45%, to Rs37.8 billion; and sales at the company’s inorganic chemicals segment fell 8%, to Rs54.3 billion. “Soda ash prices have declined year-on-year,” says R. Mukundan, managing director at Tata Chemicals. “However commensurate falls in input prices combined with increasingly...
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