CUMI sees Q2 profit surge

By Liz Gyekye
Published: Tuesday, 03 November 2015

The Indian refractory producer’s earnings were helped by strong performances in its abrasives and electrominerals divisions. CUMI’s CEO noted that the weak rouble is making it more expensive for Russian alumina users to import the mineral and they are turning to the company’s electrominerals’ business in Russia.

India-based global refractories supplier Carborundum Universal Ltd (CUMI) has posted a 82% increase in net profit for the quarter ended 30 September 2015 to Indian rupee (INR) 397m ($6.05m*) from INR 218m ($3.33m) the previous year, helped by improved sales in both its abrasives and electrominerals divisions.

The...

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