Supreme Petrochem Limited announced unaudited financial results for the second quarter and half year ended December 31, 2011. For the quarter, the company reported net sales of INR 4,953.435 million, loss from ordinary activities before tax of INR 109.941 million and net loss of INR 72.576 million compared to net sales of INR 4,518.606 million, profit from ordinary activities before tax of INR 282.201 million and net profit of INR 186.787 million a year ago. The company attributed the fall in profits to a combination of: High input costs; Shrinking domestic market due to low demand for end products including household appliances; Sluggish export market as a consequence of economic slowdown and political unrest and Volatile foreign exchange rates. Diluted EPS after extraordinary items was INR 0.75 against INR 1.88 a year ago. For the half year, the company reported net sales of INR 10,386.128 million, profit from ordinary activities before tax of INR 122.622 million and net profit of INR 85.979 million compared to net sales of INR 9,063.237 million, profit from ordinary activities before tax of INR 547.161 million and net profit of INR 359.447 million a year ago. Diluted EPS after extraordinary items was INR 0.89 against INR 3.67 a year ago.