Supreme Petrochem on Friday (6 March) said its board will consider share buyback on 12 March 2020.
Shares of Supreme Petrochem were flat at Rs 153. The stock traded in the range of Rs 151.45 to Rs 165.45 so far.On a standalone basis, Supreme Petrochem reported a net profit of Rs 2.07 crore in Q3 December 2019 as compared to a net loss of Rs 17.57 crore in Q3 December 2018. Net sales slipped 19.3% to Rs 619.08 crore in Q3 December 2019 over Q3 December 2018.
Supreme Petrochem's primary business segment is styrenics. It is engaged in the manufacture of polystyrene (PS), expandable polystyrene (EPS), specialty polymers and compounds (SPC), and extruded polystyrene (XPS) foam boards.
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