Vinyl Chemicals Reveals its Financial Results for the Third Quarter for FY19, Records an Overall Sales Decline on Yearly Basis
- Journalist: Peter Schmidt
Vinyl Chemicals Limited, a company under Parekh Group, engaged in official trading of Vinyl Acetate Monomer (VAM), has recorded net sales of INR 1115.7 million at the end of the third quarter for FY19. By recording sales higher by INR 54.4 million, the company has marked an overall profit of INR 38.8 million against INR 26.1 million from the previous quarter. However, on yearly basis, Vinyl Chemicals encountered an astonishing decline in sales by INR 727.5 million. Owing to this decline in sales, Vinyl Chemicals net profit dropped down by 11.62 per cent to INR 38.8 million in the quarter ended December 2019 as against 43.9 million during the previous quarter ended December 2018.