23 September 2005 – Mumbai (IND): Camlin has revealed a financial loss for its Q1, following the imposing of VAT on the business.
The company reported a net profit loss of Rs 1.20 crore ($273,342), down 29.6 per cent on the same period the previous year. Sales dropped 6.4 per cent year-on-year for the same period.
The firm also said that cheap imports from China and Korea were compounding the company’s woes.
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