UPDATE 1-SRF profit falls 18 pct on forex transactions

Newswire

(Recasts, adds details, share price) NEW DELHI, July 25 (Reuters) - Tyre cord maker SRF Ltd on Friday said its quarterly profit fell 18 percent on mark-to-market losses in foreign exchange transactions. April-June net profit was 456.9 million rupees compared with 560.2 million rupees an year ago, while revenue rose 16 percent to 4.71 billion rupees from an year-ago period, it said in a statement. SRF, which makes technical textiles, fluorochemicals, packaging films and fluoro ...

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