Tata Chemicals reported unaudited results for the first quarter ended June 30, 2011.
The company posted at 7.5% decline in its net profit at Rs 200 crore for the first quarter ended June 30, 2011 against Rs 216 crore for the year ago period. However, net sales jumped by 17% to Rs 2,954 crore for the quarter under review as against Rs 2,523 crore a year ago.
Tata Chemicals has acquired ownership and control of 16,677,612 common shares of EPM Mining Ventures Inc. USA. As of the date thereof, the outstanding share capital of EPM consists of common shares and non-voting common shares, each of which being convertible into one common share subject to the terms and conditions thereof.