Tuesday, 21 January 2014

Supreme Petrochem reports net loss of at Rs 13.47 crore in Q2

Supreme Petrochem has reported results for second quarter ended December 31, 2013.

The company has reported net loss of at Rs 13.47 crore for the quarter as compared to a net profit of Rs 27.06 crore for the same quarter in the previous year. However, total income from operation of the company has increased by 2.14% at Rs 814.05 crore for quarter under review as compared to Rs 796.95 crore for the quarter ended December 31, 2012.

Supreme Petrochem (SPL) is a joint venture between the Supreme Industries and the Rajan Raheja Group. The Rajan Raheja Group has interests in cement, ceramic tiles, publishing, cable television, retailing, automobile batteries, readymix concrete, software, petrochem, hotels, asset management and real estate. The company started commercial production started in October 1995.

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