IFGL Q1 2016 results

By Siobhan Lismore-Scott
Published: Monday, 16 May 2016

India's IFGL Refractories Ltd, the specialised refractories producer, today released its FY2015 results, which demonstrate the impact of the steel slowdown.

Income down 9% on 2015, at Indian rupee (INR) 722 crore ($108m*) EBITDA** down 12% at INR 87 crore ($13m) Pointed to a downbeat World Steel Association (worldsteel) forecast for 2016, adding that "on a positive note, some emerging economies in...

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