Falling revenues lead to lower profits for IFGL Refractories

By Myles McCormick
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, which fell...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: