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Clariant in India

Financial Results September 2008

Unaudited Financial Results for the three/nine months ended September 30, 2008

Rs. in lakhs
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Particulars
Three months ended
Nine months ended
Previous accounting year ended
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30.09.2008
30.09.2007
30.09.2008
30.09.2007
31.12.2007
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
Clariant
1.
a)Net sales / Income from operations
25,489
21,297
72,098
64,824
86,144
b)Other operating income
528
542
1,756
1,504
2,063
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Total Income
26,017
21,839
73,854
66,328
88,207
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2.
Expenditure
a)(Increase) / Decrease in stock in trade
and work in progress
(2,250)
(791)
(2,481)
(2,639)
339
b)Consumption of raw and packing materials
13,286
10,317
35,885
33,379
41,722
c)Purchase of traded finished goods
4,444
4,026
11,551
10,530
13,205
d)Power and fuel
1,374
1,075
3,609
3,256
4,180
e)Employees cost
1,833
1,593
4,989
5,347
7,108
f)Depreciation / Amortisation
632
568
1,728
1,633
2,146
g)Other expenditure
2,937
3,056
8,533
8,665
11,696
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h)Total Expenditure
22,256
19,844
63,814
60,171
80,396
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3.
Profit from operations before other income,
interest and exceptional items (1-2)
3,761
1,995
10,040
6,157
7,811
4.
Other income
71
85
142
322
376
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5.
Profit before interest & exceptional items (3+4)
3,832
2,080
10,182
6,479
8,187
6.
Interest expense (Net)
13
44
(32)
7
120
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7.
Profit after interest but before exceptional items (5-6)
3,819
2,036
10,214
6,472
8,067
8.
Exceptional items
-
(2,979)
-
(2,979)
(3,134)
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9.
Profit / (Loss) from ordinary activities before tax (7+8)
3,819
(943)
10,214
3,493
4,933
10.
Tax expenses
1,303
(184)
3,532
1,354
1,754
(including Deferred Tax and Fringe Benefit Tax)
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11.
Net Profit / (Loss) for the period after tax (9-10)
2,516
(759)
6,682
2,139
3,179
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12.
Paid up equity share capital (Face Value of Rs.10/- each)
2,666
2,666
2,666
2,666
2,666
13.
Reserves excluding revaluation reserve as per
28,276
balance sheet of previous accounting period
14.
Earning per share - Basic & Diluted (in Rs.)
9.44
(2.85)
25.06
8.02
11.92
(Not Annualised)
(Not Annualised)
(Not Annualised)
(Not Annualised)
15.
Public shareholding
-
Number of shares
9,758,665
9,758,665
9,758,665
9,758,665
9,758,665
-
Percentage of shareholding
36.60
36.60
36.60
36.60
36.60
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Notes:
1.
The above results for the three / nine months ended September 30, 2008, which have been subjected to a "Limited Review" by the auditors of the Company, have been reviewed by the audit committee and approved by the Board of Directors at its meeting held on October 23, 2008.
2.
No investor complaint was pending at the beginning of the quarter or lying unresolved at the end of the quarter. During the quarter 1 (one) complaint was received by the Company and has been resolved.
3.
Exceptional items include the following (Rs. in lakhs):
(i) Termination benefits to employees / Contractors: Three / nine months ended 30.09.2007 Rs.2,375/-; Year ended 31.12.2007 Rs.2,672/-.
(ii)Write off of assets (Net of recovery) due to restructuring: Three / nine months ended 30.09.2007 Rs.604/-;Year ended 31.12.2007 Rs.462/-.
4.
Figures for the previous periods have been regrouped wherever necessary to conform to the current period's classification.

Place: Mumbai
Heiner Meier
Date : October 23, 2008
Vice-Chairman & Managing Director

Clariant

Segmentwise Revenue, Results and Capital Employed for the three/nine months ended September 30, 2008