P G Foils Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 12, 2018 at 01:52 am EST
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P G Foils Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported net sales/income from operations of INR 626.057 million compared to INR 556.327 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 55.284 million compared to INR 72.835 million a year ago. Profit from ordinary activities before tax was INR 55.284 million compared to INR 72.835 million a year ago. Net profit was INR 48.284 million or INR 5.96 per basic and diluted share before and after extraordinary items compared to INR 62.835 million or INR 7.74 per basic and diluted share after extraordinary items a year ago.
For the nine months, the company reported net sales/income from operations of INR 2,170.305 million compared to INR 1,576.98 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 153.111 million compared to INR 181.803 million a year ago. Profit from ordinary activities before tax was INR 153.111 million compared to INR 181.803 million a year ago. Net profit was INR 118.111 million or INR 14.56 per basic and diluted share before and after extraordinary items compared to INR 144.803 million or INR 16.62 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.