Raasi Refractories reports 70% drop in sales

By Myles McCormick
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 revenue...

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