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IFGL refractories profits plummet in tough steel market

By Laura Syrett
Published: Wednesday, 21 November 2012

Struggling Europe and Latin America plus high costs eroding profits, says IFGL

India’s IFGL Refractories Ltd recorded a significant drop in net profits in its financial results for the three months ending 30 September 2012, blaming unfavourable market conditions.

The company posted a net profit of Indian rupee (INR) 40m ($726,000)* for the quarter compared to INR 119.9m ($2.1m) for the corresponding...

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