Nalco net profits for Q2 crash by 96.5%
Net income falls by 14.8% to Rs 5.3bn
Nalco has reported sharp drop of 96.5% in net profits for Q2 ended 30th September to Rs 61.9mn from Rs 1.75bn during the same period last year. Net sales during the period have decreased by 14.8% from Rs 6.2bn to Rs 5.27bn. Performance for the half-year period is slightly better indicating that Q1 performance was better. Net sales have shown a marginal drop to Rs 11.2bn from Rs 11.3bn. During H1, net profits have decreased by 47.1% from Rs 3.03bn to Rs 1.6 bn.
