P G Foils Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 14, 2017 at 05:41 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, 2016. For the quarter, the company reported net sales/income from operations of INR 556.327 million compared to INR 440.052 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2.883 million compared to profit from operations before other income, finance costs and exceptional items of INR 10.665 million a year ago. Profit from ordinary activities before tax was INR 72.835 million compared to INR 23.539 million a year ago. Net profit was INR 62.835 million or INR 7.74 per basic and diluted share before and after extraordinary items compared to INR 6.039 million or INR 0.07 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 1,576.98 million compared to INR 1,447.64 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 80.025 million compared to INR 67.651 million a year ago. Profit from ordinary activities before tax was INR 181.803 million compared to INR 81.997 million a year ago. Net profit was INR 144.803 million or INR 16.62 per basic and diluted share before and after extraordinary items compared to INR 148.991 million or INR 16.37 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.