P G Foils Limited Announces Audited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
May 30, 2017 at 07:06 am EDT
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P G Foils Limited announced audited earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, the company reported net sales/income from operations of INR 593.325 million against INR 450.696 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 28.939 million against loss of INR 52.023 million a year ago. Profit from ordinary activities before tax was INR 58.334 million against loss of INR 41.228 million a year ago. Net profit was INR 31.334 million or INR 3.86 per basic and diluted share before and after extraordinary items against net loss of INR 58.228 million or INR 0.72 per basic and diluted share before and after extraordinary items a year ago.
For the full year, the company reported net sales/income from operations of INR 2,170.305 million against INR 1,898.336 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 88.964 million against INR 15.628 million a year ago. Profit from ordinary activities before tax was INR 240.137 million against INR 40.769 million a year ago. Net profit was INR 176.137 million or INR 21.72 per basic and diluted share before and after extraordinary items against net profit of INR 90.763 million or INR 11.19 per basic and diluted share after extraordinary items a year ago.
PG Foils Limited is an India-based aluminum foil company. The Company is primarily in the business of manufacture and sale of aluminum foil in the various form. Its products include pharma foil, blister foil, tagger foil, sachet foil, bare foil, house foil, tea bag foil, cigarette foil, container foil, polyester foil, multilayer laminated foil (both PET and paper-based), poly laminates, ice cream laminates, paper-based laminates, chocolate wraps, and contraceptive wraps. It also provides 3-4 Ply Sachet Foil, Household Foil, Pharmaceutical Strip Foil, Cold Forming Alu Alu Foils, Lidding Foil, Polyvinyl Chloride-Polyvinylidene Chloride (PVDC) Film Confectionery Foil, Pharmaceutical Blister Foil, and Tagger Foil. The Companyâs products are supplied in India and over 24 countries abroad, including the United Kingdom, United Arab Emirates, Australia, Russia, Bangladesh, Sri Lanka, Egypt, Jordan, Mexico, Oman, Nepal, Philippines, Kenya, Sudan, Iran, Ghana, and Nigeria.