Sumitomo Chemical India Ltd, an Indian arm of Japan’s Sumitomo Chemical Co., Ltd. announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Results The agrochemicals manufacturer reported a consolidated net profit of Rs 22.91 crore ($3 million) in Q4 March 2020 as compared to a net loss … Read more
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Financials The consolidated revenue of the Company decreased 4% to Rs. 1,858 crore ($245.9 million) in Q4FY20 as against Rs. 1,937 crore ($256.3 million) in the prior year quarter. … Read more
Aarti Industries, an Indian pharmaceutical ingredients and chemicals manufacturer, announced its results for the quarter and financial year ended 31 March 2020. The company’s consolidated net profit declined 11.9% to Rs 110.35 crore ($14.7 million) in the quarter ended March 2020 as against Rs 125.25 crore ($16.6 million) during the prior year quarter. Sales declined … Read more
UPL Limited, an Indian multinational manufacturer of agrochemicals & chemicals, announced its results for the quarter and financial year ended 31 March 2020. The company posted 146.80% year-on-year rise in net profit at Rs 617 crore ($81.9 million) for the quarter ended March 31. It had posted a net profit of Rs 250 crore ($33.2 … Read more
Godrej Industries announced its results for the quarter and financial year ended 31 March 2020. Chemicals & Crop protection Segments Q4 Results: GIL’s net profit from the chemicals segment saw a decline by 1% to Rs 37.93 crore ($5.0 million) in the fourth quarter as against Rs 38.37 crore ($5.1 million) in the prior year … Read more
Chambal Fertilisers and Chemicals announced its results for the quarter and financial year ended 31 March 2020. The chemicals & fertilizers maker reported a 121.73% jump in standalone net profit to Rs 203.70 crore ($26.9 million) in the quarter ended March 2020 as against Rs 91.87 crore ($12.1 million) during the pre-vious quarter ended March … Read more
Gujarat Heavy Chemicals Ltd (GHCL) reported a 28.94% decline in consolidated net profit to Rs 84.86 crore ($11.2 million) in the fourth quarter ended March 31, on weak sales. The company had posted a consolidated net profit of Rs 119.43 crore ($15.7 million) in the prior year quarter, GHCL said in a regulatory filing. Revenue … Read more
Paushak Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March on weak sales due to the impact of COVID-19 pandemic. The company’s standalone net profit slumped 34.3% to Rs 6.37 crore ($0.84 million) in fourth quarter 2019-20 compared to prior year quarter’s Rs 383 crore ($1.3 million). Revenue … Read more
Tata Chemicals Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March. The company’s consolidated net profit slumped 48% to Rs 197.56 crore ($26.1 million) in fourth quarter 2019-20 compared to prior year quarter’s Rs 383 crore ($50.6 million). Revenue from operations declined 7% to Rs 2,378.09 crore ($314.3 … Read more
Atul Ltd. has announced increase in net profit for its fourth quarter and full-year ended 31 March on good margins in Performance and Other Chemical segment. The company’s fourth quarter net profit increased 26.6% to Rs 1.4 billion ($18.9 million) from Rs 1.1 billion ($14.9 million) in the prior year quarter. Revenue in the … Read more
Reliance Industries Limited announced fall in petrochemical earnings for full-year 2019-20 due to lower margins and weak demand in the last quarter due to COVID –19 pandemic. Fourth Quarter: 4Q FY20 revenue from the Petrochemicals segment decreased by 24.1% Y-o-Y to Rs 32,206 crore ($4.3 billion) due to lower price realizations along with disruptions in … Read more
Sinopec Shanghai Petrochemical Company Limited (HKEX: 00338; SSE: 600688; NYSE: SHI) announced the annual results for the twelve months ended 31st December 2019. Net sales of the company in 2019 amounted to RMB88.1 billion ($12.45 billion), a decrease of 7.90% from the previous year’s RMB95.6 million ($13.5 billion). The decrease in sales was attributed to … Read more
Nouryon reported growth in profitability in its full-year 2019 financial results, despite challenging conditions in several end markets. Adjusted EBITDA, backed by margin control and expense controls, rose by 5% to EUR1.13 billion ($1.27 billion). Revenues were marginally higher at EUR5.08 billion ($5.7 billion), as a minor volume decline was more than offset by price … Read more
Lanxess has announced that it expects its core income to decline in 2020 as the global coronavirus epidemic is expected to damage its supply chains. The company forecasts that profit before exceptional items will slash EUR 50-100 million ($56.4-112.8 million) as a result of coronavirus, with EUR20 million ($22.6 million) impact projected for the first … Read more
Symrise AG reported increase in profit for full-year 2019 on strong organic business growth. Despite higher expenses, Symrise’s EBITDA grew by 12.2 % to EUR707.2 million ($802.6 million) from prior year’s EUR630.5 million ($715.8 million). The company’s sales increased by 8.0% to EUR3,408 million ($3869 million) from prior year’s EUR3,154 million ($3580 million). The company … Read more
Sadara Chemical Company, a joint venture (JV) between Saudi Aramco and Dow, reported a huge loss in full-year of 2019 due to lower product prices and the costs of asset maintenance which reached SAR9.2 billion ($2.45 billion). Net loss was SAR14.486 billion ($3.86 billion), up from 2018’s SAR3.86 billion ($1.03 billion). Operating loss was at … Read more
Brenntag AG, a global chemical and ingredients distribution company announced on Wednesday that its profit grew by 1.6% for full-year 2019. Profit before tax grew 1.6% from last year to EUR633.4 million. Operating EBITDA reached EUR1 billion, a year-on-year increase of 11.3%. The earnings were benefited by the initial application of IFRS 16, despite difficult … Read more
Indorama Ventures Limited (IVL) reported a net loss despite rise in volume growth in the fiscal year 2019. The sales volume grew by 18%, driven reportedly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading to 20% reduction in IVL’s core EBITDA, as company stated. Operating cash flow increased 33% to $1.3 … Read more
Arkema reported fall in adjusted net income and sales in 2019 due to a challenging macro environment. In the fourth quarter, sales fell 7% on year to EUR2.05 billion ($2.26 billion). The company’s adjusted net income for the full year came in at EUR625 million ($678.8 million) from EUR725 million ($800.6 million) in 2018. Sales … Read more
India’s Fairchem Speciality Limited reported rise in profit growth in the third quarter 2019 on strong Oleochemicals margins. The company has posted net profit of Rs.7.2 crores ($1 million) for the period ended December 31, 2019, an increase of 7.6% as against Rs.6.69 crores ($0.93 million) for the prior-year quarter. The company has reported net … Read more