Falling revenues lead to lower profits for IFGL Refractories
Published: Tuesday, 09 February 2016
A drop off in sales has caused the company’s bottom line to decrease year-on-year, despite efforts to reduce expenditure.
India’s IFGL Refractories Ltd
reported a consolidated profit of Indian rupee (INR) 1,069 lakh
($1.57m*) for the December 2015 quarter, down 15% from INR
1,253 lakh ($1.84m) in the corresponding period in 2014.
The lower profit was attributable to a drop off in revenue,