Clariant Chemicals down 3% weak Q2 earnings

Net sales for Apr-Jun 2015 declined 14% to Rs 227 from Rs 264 in Apr-Jun 2014

Shares of Clariant Chemicals were down over 3% at Rs 821 on the Bombay Stock Exchange after the company announced lower sales growth during the second quarter ended June 30, 2015.

Net sales for the quarter ended June 30,2015 declined 14% to Rs 227 crore compared with Rs 264 crore in the same quarter ended June 30, 2014.

Profit before tax for the quarter under review stood at Rs 6 crore, the company said in a release today.

The stock opened at Rs 830 and touched a low of Rs 815. At 14:15PM, nearly 60,000 shares were traded on both the stock exchanges.