New Sales and Lower Operating Costs Fuel Growth for Punjab Chemicals

Daniel Jacobs Posted by Dan Jacobs|4 May 2015

Punjab Chemicals and Crop Protection is expect quadruple its 2014-2015 net profit from $704,699 (4.5 crore) to $3.13 million (20 crore) this year, according to a report in India’s Business Standard.

“The company is expecting quantum jump in sale to Rs 450 crore and net profit of Rs 20 crore (approx) in the next financial year 2015-16, due to reduction in debt, committed market orders and reduction in the operating cost,” Punjab Chemicals and Crop Protection said in a statement.

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