P G Foils Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
May 31, 2016 at 07:56 am EDT
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P G Foils Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net sales of INR 450.696 million compared with INR 502.562 million for the same period a year ago. Loss from operation before other income, finance cost and exceptional items was INR 2.023 million compared with profit from operation before other income, finance cost and exceptional items of INR 10.461 million for the same period a year ago. Loss from ordinary activities before tax was INR 41.228 million compared with profit from ordinary activities before tax of INR 29.373 million for the same period a year ago. Net loss was INR 58.228 million or INR 0.72 per basic and diluted share after extraordinary items compared with INR 8.736 million or INR 1.23 per basic and diluted share after extraordinary items for the same period a year ago.
For the full year, the company reported net sales of INR 1,898.336 million compared with INR 1,954.678 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 65.628 million compared with INR 82.966 million for the same period a year ago. Profit from ordinary activities before tax was INR 40.769 million compared with INR 124.762 million for the same period a year ago. Net profit was INR 90.763 million or INR 11.19 per basic and diluted share after extraordinary items compared with INR 46.153 million or INR 5.69 per basic and diluted share after extraordinary items for the same period 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.