Navin Fluorine Q2FY09 Net Sales up 73.56% at Rs 113.16 cr

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Navin Fluorine Q2FY09 Net Sales up 73.56% at Rs 113.16 cr
Board announces 50% interim dividend
Mumbai, October 22, 2008: Navin Fluorine International Limited (NFIL), part of the Arvind Mafatlal Group, has reported a 73.56% increase in net sales for the quarter ended September 30, 2008. During the quarter, the company’s net sales stood at Rs 113.16 crores compared to Rs 65.20 crores in the corresponding period last year.
The company has posted a net profit for the quarter of Rs 17.86 crores compared to loss of Rs 1.81 crores in the corresponding quarter last year.
Meanwhile, the company has declared an interim dividend of 50% as compared to the final dividend of 40% for the year ended 31st March 2008.

About Navin Fluorine International Limited
Navin Fluorine International Limited (NFIL), part of the Arvind Mafatlal Group, is the largest and one of the few integrated fluorochemicals complexes, manufacturing and marketing bulk and specialty fluorochemicals. The company primarily focuses on three user industry segments – Refrigeration gases, Chemicals/Bulk Fluorides and Specialty Organofluorines with manufacturing facilities at Surat, Gujarat and Dewas, Madhya Pradesh. Navin Fluorine has an impressive clientele consisting of several fortune 500 companies which include five of the top ten global crop protection companies and three of the top ten global chemical companies. In the domestic business Navin Fluorine’s customers include six of the top 15 pharmaceutical companies.

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