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...

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