P G Foils Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 10, 2017 at 05:23 am EST
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P G Foils Limited reported unaudited earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 580.414 million against INR 526.699 million a year ago. Total income from operations was INR 622.202 million against INR 620.278 million a year ago. Profit from ordinary activities after finance costs and exceptional items was INR 45.323 million against INR 61.352 million a year ago. Profit before ordinary activities before tax was INR 45.323 million against INR 61.352 million a year ago. Net profit for the period was INR 32.323 million against INR 46.852 million a year ago. Earnings per absic and diluted share (before and after extraordinary items) were INR 3.99 against INR 2.71 a year ago.
For the six months, the company reported net sales/income from operations (net of excise duty) of INR 1,114.746 million against INR 1,020.653 million a year ago. Total income from operations was INR 1,208.056 million against INR 1,260.039 million a year ago. Profit from ordinary activities after finance costs and exceptional items was INR 97.827 million against INR 105.968 million a year ago. Profit before ordinary activities before tax was INR 97.827 million against INR 105.968 million a year ago. Net profit for the period was INR 69.827 million against INR 78.968 million a year ago. Earnings per basic and diluted share (before and after extraordinary items) were INR 8.61 against INR 9.74 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.