Camlin reveals loss



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