Paper Products Ltd (HUHTAMAKI-PPL)
Sales Up by 7%
July 29, 2005: The Paper Products Limited (PPL), (now
"branded" as HUHTAMAKI-PPL), India's leading
flexible packaging company, today announced its Unaudited Financial
Results for the second quarter and the first half year ended June
30, 2005. The company achieved sales of Rs.214 crores during the
half year representing a growth of 6.9%, over sales of Rs.200
crores in the corresponding first half of 2004.The profit before
tax is Rs.17.16 crores as compared to Rs.19.89 crores in H1 last
year. The basic and diluted earnings per share for the half year
is Rs.10.03 as compared to Rs.11.08 in the corresponding period
last year. On comparison between quarters, the company achieved
sales of Rs.112.53 crores during the second quarter representing
a growth of 9.2%, over sales of Rs.103.07 crores in the corresponding
second quarter of 2004. The profit before tax is Rs.8.87 crores
as compared to Rs.10.55 crores in Q2 last year. The basic and
diluted earnings per share for the quarter is Rs.5.00 as compared
to Rs.5.71 in the corresponding period last year. Continued focus
on the company's innovation program NASP "New Applications
Structures and Products & Processes" helped to achieve
better sales amidst an adverse market situation caused by relentless
increase in raw material prices due to the surge in prices of
pertochemicals and other commodities; coupled with stiff resistance
from customers to selling price increases.
comparison with Q1 2005 results, while Net Sales for Q2 2005,
were 11.3% higher, the Profit before tax of Rs.8.87 crores was
higher than the Profit before tax of Rs.8.29 crores in Q1 2005,
which includes Rs.1.8 crores compensation received on settlement
of a claim. Excluding the claim settlement impact, Profit before
tax was higher in Q2 by 36.7% as compared to Q1'05. However, margins
continue to be under pressure. Specific strategies are being deployed
to bring improvement.
to incessant heavy rains in Thane & Mumbai on 26th July 2005,
the operations of Thane plant have been affected. Whilst the situation
is being assessed, all steps are being taken to return to normalcy.
The plants at Silvassa, Hyderabad and Nagpur are unaffected and
The Paper Products Limited (HUHTAMAKI-PPL):
PPL is India's
leading manufacturer of primary consumer packaging with annual
gross sales of over Rs.450 crores, and net capital employed of
about Rs.200 crores.
1999, PPL is a joint venture with the global packaging major -
Huhtamaki Oyj, Finland who hold about 59% of the equity capital.
Huhtamaki is the world's sixth largest consumer packaging multinational.
is the pioneer and the technology and market leader in Flexible
packaging and Labelling, with manufacturing facilities at Thane,
Silvassa and Hyderabad. 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, etc.; and also for
seeds, specialized chemicals, electronics and many other specific
specialized uses including anti-spurious packaging.
Package Protection and Decoration products range includes latest
leading edge technologies - Shrink sleeves, Wrap arounds, Heat
transfers, Pressure sensitives and Metallised Paper labels.
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.
mainly caters to the premium segment of packaging and its clients
include Amway, Amul, Britannia, Cadbury, Castrol, Coca-cola, Dabur,
DS Group, Emami, Eveready, GSK, Godrej, Hindustan Latex, HLL,
HPCL, Marico, MICO, Nestle, Perfetti, P&G, TTK-LIG etc. etc.
at our website : www.pplpack.com
For more information contact:
Mr. Ravi Chidambaram
Controller - Finance
The Paper Products Limited
Tel: 2534 5021 (D)
Board: 2534 3691- Ext. 172
Mobile 98216 04825