Raasi Refractories reports 70% drop in sales
Published: Wednesday, 17 February 2016
Revenues plummeted or the Indian refractories producer in the final quarter of 2015, as output was reduced amid a struggling market for refractories, allowing the company to significantly narrow its net loss.
Indian refractories producer, Raasi
Refractories Ltd, reported sales of Indian rupee (INR) 1.41
crore ($206,179*) in the December 2015 quarter.
The results mark a 70% year-on-year (y-o-y) decrease in