Camlin Fine Sciences FY14 Net up at Rs 28.71 cr

Camlin Fine Sciences Ltd today said it has registered a 90 per cent jump in consolidated net profit at Rs 28.71 crore in FY2013-14 ended March 31 as compared to Rs 15.09 crore in FY2012-13.
The company's total income also increased from Rs 373.62 crore in FY 13 to Rs 508.67 crore in FY 14, a company statement said.
During the quarter ended March 2014 the company's net profit stood at Rs 3.40 crore as compared to Rs 4.05 crore in Q4, FY13.
The company said it was successful in holding on to the market share in major markets and also registered a growth in emerging markets like South America and Asia by extensive customer reach through its sales teams. This growth has been achieved in spite of recessionary pressures in the international market during the year.

The growth of the company is also powered by new and value added products. The company has increased its market share by 3 new products from the diphenol down stream as per planned strategy, the release said.
The company as a part of its growth strategy has progressed towards expanding its product portfolio in shelf life extension and developed a range of ready to use antioxidant solutions to address the shelf life extension needs of processed food products, in segments like bakery, confectionery, fried snack foods, dairy.