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...