Panama Petrochem consolidated net profit declines 11.01% in the March 2016 quarter

Sales decline 10.64% to Rs 176.73 crore

Net profit of Panama Petrochem declined 11.01% to Rs 4.85 crore in the quarter ended March 2016 as against Rs 5.45 crore during the previous quarter ended March 2015. Sales declined 10.64% to Rs 176.73 crore in the quarter ended March 2016 as against Rs 197.78 crore during the previous quarter ended March 2015.

For the full year,net profit rose 42.01% to Rs 25.15 crore in the year ended March 2016 as against Rs 17.71 crore during the previous year ended March 2015. Sales declined 6.65% to Rs 751.72 crore in the year ended March 2016 as against Rs 805.31 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales176.73197.78 -11 751.72805.31 -7 OPM %5.523.66 -6.473.96 - PBDT8.705.88 48 41.2524.98 65 PBT7.544.78 58 36.6521.56 70 NP4.855.45 -11 25.1517.71 42

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