Navin Fluorine International Ltd. Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2016
July 25, 2016 at 05:48 am EDT
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Navin Fluorine International Ltd. reported unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales and income from operations (net of excise duty) was INR 1,640.151 million, profit from operations before other income and finance costs of INR 338.305 million, profit from ordinary activities before tax of INR 394.404 million and net profit after taxes of INR 286.053 million or INR 28.99 per diluted share (not annualized) against net sales and income from operations (net of excise duty) of INR 1,498.412 million, profit from operations before other income and finance costs of INR 210.729 million, profit from ordinary activities before tax of INR 246.459 million and net profit of INR 181.445 million or INR 18.47 per diluted share (not annualized) a year ago.
Navin Fluorine International Limited is an India-based company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines. The Company operates through the Chemical Business segment. It has two geographical segments based upon the location of its customers, which include within India and outside India. It is the manufacturer of specialty fluorochemicals, which comprises synthetic cryolite, fluorocarbon gases, and hydrofluoric acid and other fluorine chemicals. It offers contract research and manufacturing services. The Company has anhydrous hydrofluoric and diluted hydrofluoric acid manufacturing capacities in India with a multi-product portfolio. It serves industries, including stainless steel, glass, oil and gas, abrasives, electronic products, and life and crop science, among others. The Companyâs manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
NAVIN FLUORINE INTERNATIONAL LIMITED 
