The Paper Products Ltd

Sales for Q1-2010 grows by 11%

Mumbai, April 27, 2010: The Paper Products Limited (HUHTAMAKI-PPL), India’s leading flexible packaging company, today announced its unaudited Financial Results for the quarter ended March 31, 2010. The company achieved net sales of Rs.159.08 crores during the quarter, representing an increase of 11.1% from net sales of Rs.143.17 crores in Q1-2009. The profit before tax is Rs. 26.13 crores including exceptional income of Rs.13.98 crores and excluding exceptional income the profit before tax is Rs.12.15 crores compared to Rs.16.31 crores in Q1-2009. The basic and diluted earnings per share including exceptional income is Rs. 3.19 and excluding exceptional income is Rs.1.42 as compared to Rs. 1.76 in Q1-2009.

Exceptional income of Rs 13.98 crores in Q1-10 represents net gain realised on sale of Nagpur factory property. Current tax for Q1-2010 includes Rs.2.86 crores relating to the above exceptional income.

There was a fire at Thane plant old premises as a result one printing machine has been damaged. The company is adequately insured & is in the process of filing claim with the insurance company.

 

About The Paper Products Limited (HUHTAMAKI-PPL):

PPL is India’s leading manufacturer of primary consumer packaging with 2009 gross sales of about Rs.618 crores, and net capital employed of about Rs. 314 crores.

Since 1999, PPL is a joint venture with the global packaging major, Huhtamaki Oyj, Finland who holds about 59% of the equity capital. Huhtamaki is one of the world’s top ten consumer packaging multinationals.

PPL is a pioneer and the technology and market leader in flexible packaging in India with manufacturing facilities at Thane, Silvassa, Hyderabad and Rudrapur.It meets the packaging needs of almost the entire range of FMCG segments including personal products, personal wash, laundry, foods, sauces, beverages, bakery products, spices, chocolates and confectionery, dairy and also for seeds, specialized chemicals, electronics, healthcare and many other specific specialized uses including anti-spurious packaging

The Package Protection and Decoration products range includes latest leading edge technologies- shrink sleeves, wrap-arounds, heat transfers, pressure sensitives and metallised paper labels.

Manufacturing of specialized cartons and cartoning systems, manufacture of poly films, specialized barrier metallising and high-end application extrusion coating are also part of PPL’s product offerings.

The company’s packaging machines division offers complete packaging solutions to customers.

PPL mainly caters to the premium segment of packaging and its clients include Britannia, Cadbury, Castrol, Coca Cola, Dabur, Emami, Eveready, GSK, Godrej, Hindustan Latex, Hindustan Unilever, HPCL, ITC, Marico, MICO, Nestle, Pepsi, Perfetti, P&G, Tata Tea, TTK-LIG, Wipro and many more.

More at our website : www.pplpack.com

Mr. Parag Vyavahare Controller - Accounts & Joint CFO The Paper Products Limited Board: +91-22-2173 5591- Ext. 171 Direct: +91-22-2173 5610 Mobile: +91-98216 04824