Lanxess ABS net profit declines 49.94% in the March 2008 quarter

Net profit of Lanxess ABS declined 49.94% to Rs 4.37 crore in the quarter ended March 2008 as against Rs 8.73 crore during the previous quarter ended March 2007. Sales declined 4.86% to Rs 131.92 crore in the quarter ended March 2008 as against Rs 138.66 crore during the previous quarter ended March 2007.