Chennai, India – Sales at Indian polyol maker Manali fell by 23% in the first half of 2021 to INR3.1bn ($41.6m).
Pre-tax profit also fell, by 18.9% to INR307m in the half.
Manali said that the first half numbers were hit by the effects of coronavirus. '[This disrupted business in India] severely due to lock downs, restrictions in transportation, supply chain disruptions… and other emergency measures.' It said.
This was especially true in the first quarter. Outside India, its Notedome subsidiary based in the UK continued to operate.
The situation improved for all of its businesses in the second quarter of the year.
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