The Paper Products Ltd
Sales up by 9%
October 25, 2005: The Paper Products Limited (HUHTAMAKI-PPL),
India's leading flexible packaging company, today announced its
Unaudited Financial Results for the third quarter and the nine
months ended September 30, 2005. The company achieved sales of
Rs.317.80 crores during the nine months representing a growth
of 9.3%, over sales of Rs.290.88 crores in the corresponding nine
months of 2004. Continued focus on the company's innovation program
NASP "New Applications Structures and Products & Processes"
helped to achieve better sales.The profit before tax is Rs.26.17
crores as compared to Rs.27.15 crores in nine months last year.
The basic and diluted earnings per share for the nine months is
Rs.15.28 as compared to Rs.15.15 in the corresponding period last
On comparison between quarters, the company achieved sales of
Rs.104.19 crores during the third quarter representing a
growth of 14.5%, over sales of Rs.90.97 crores in the corresponding
third quarter of 2004.The profit before tax is Rs.9.01 crores
as compared to Rs.7.26 crores in Q3 last year. The basic and diluted
earnings per share for the quarter is Rs.5.25 as compared to Rs.4.08
in the corresponding period last year.
Due to incessant heavy rains in Thane & Mumbai on 26th July
2005, the operations of Thane plant were affected. The operations
of Thane Plant are recovering due to focused efforts. In the quarterly
results a charge of Rs.0.84 crores has been taken which represents
management estimate of loss of stocks & fixed assets damaged(net
of estimated insurance claim). Detailed process of claim assessment
& settlement is going on.
announced earlier the company has decided to set up a production
facility in North India at a cost of Rs.65 crores over a 2 year
period. Land acquisition has been completed and detailed work
on project designing is on & construction of buildings, procurement
of machines are expected to begin by November 2005.
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, 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.
PPL 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.
More at our website : www.pplpack.com
For more information contact:
Mr. Ravi Chidambaram
Controller - Finance
The Paper Products Limited
Tel: 2534 5024 (D)
Board: 2534 3691- Ext. 172
Mobile 98216 04825