Profits drop for IFGL and Orient Refractories
- Autores: Shruti Salwan
- Localización: Industrial Minerals, ISSN 0019-8544, Nº. 570, 2015 (Ejemplar dedicado a: Marzo)
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
On a stand-alone basis, IFGL posted a profit after tax of Indian rupee (INR) 67.7m ($1.08m*) in Q3 2014, down 1.1% year-on-year (y-o-y), against INR 208m ($3.3m) for nine months ended 31 December 2014, up 23% compared with the same period in 2013.
On a consolidated-basis, IFGL posted a profit after tax of INR 124m ($1.9m) for the latest reported period, down 11% y-o-y, and INR 447.3m ($5.2m) for the first nine months of 2014, down 7.3% y-o-y compared with 2013.
Meanwhile, fellow Indian producer Orient Refractories, which is controlled by Austria-based RHI AG, recorded a marginal drop in its earnings reporting net profit of INR 131.5m ($2.1m) in the quarter ended on 31 December 2014, a decrease of 6.2% when compared with the same period in 2013.
