Chemical
Sumitomo Chemical India FY 20 net up by 24%
Sales rose 5.70% to Rs 445.77 crore in the quarter ended March 2020.
- By ICN Bureau
| June 06, 2020
Sumitomo Chemical India reported net profit of Rs 22.91 crore in the quarter ended March 2020 as against net loss of Rs 1.12 crore during the previous quarter ended March 2019. Sales rose 5.70% to Rs 445.77 crore in the quarter ended March 2020 as against Rs 421.73 crore during the previous quarter ended March 2019.
For the full year, net profit rose 23.61% to Rs 204.70 crore in the year ended March 2020 as against Rs 165.60 crore during the previous year ended March 2019. Sales rose 8.81% to Rs 2424.75 crore in the year ended March 2020 as against Rs 2228.42 crore during the previous year ended March 2019.
The Board of Directors have declared dividend for the F.Y. 2019-20 of Rs. 0.55 per equity share on 49,91,45,736 equity shares of Rs. 10/- each which is subject to the approval of the members in the Annual General Meeting.
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