Camlin Fine Sciences Ltd., today announced its unaudited financial results for the six months ended 30th September, 2013. The company posted profit before tax of Rs. 1461.80 lacs, EBIDTA of Rs. 2855.55 lacs and announced that the sales/Income from operations have grown by 10.43 %.

Performance highlights for the quarter ended 30th June, 2013.

EBIDTA stood at Rs. 2855.55 lacs during the 6 months ended 30th September, 2013 as against Rs. 2507.98 lacs during the same period of previous year, thereby registering a growth of 13.86 %.

Profit before tax stood at Rs. 1461.80 lacs during the 6 months ended 30th September, 2013 as against Rs. 1188.43 lacs during the same period of previous year, thereby registering a growth of 23 %.

Gross Sales/Income from Operations stood at Rs.17671.13 lacs during the 6 months ended 30th September, 2013 as against Rs. 16002.01 lacs during the same period of previous year, thereby registering a growth of 10.43 %.

In a statement here today, D. R. Puranik Executive Director & Chief Financial Officer said, ” In spite of extremely volatile market, the company shall achieve the growth in market share of food antioxidants business due to its technological and market development initiatives. The backward integration due to acquisition of an Italian Company Borregaard Italia S.p.A. (now CFS Europe S.p.A.) helped the Company to ensure competitive pricing of key raw material. The company continues to strengthen the management processes and management development. The strength in R & D, Production, Marketing & Sales and all supporting services remain the key drivers.”

Source : Sachin Murdeshwar