The Paper Products Limited. Reports Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Year Ended December 31, 2011; Recommends Dividend for the Year 2011, Payable on May 15, 2012
January 31, 2012 at 02:08 pm
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The Paper Products Limited. reported unaudited earnings results for the fourth quarter and audited earnings results for the year ended December 31, 2011. For the year, the company reported net profit of INR 99.0 million or INR 1.58 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 2,089.5 million compared to net profit of INR 136.8 million or INR 1.88 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 1,916.5 million for the corresponding period of last year. Profit from operations before other income, financial expenses and exceptional items for the period was INR 101.3 million against INR 152.3 million a year ago.
For the year, the company reported net profit of INR 525.9 million or INR 7.92 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 8,056.0 million compared to net profit of INR 481.2 million or INR 5.60 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 7,105.4 million for the last year. Profit from operations before other income, financial expenses and exceptional items for the period was INR 576.7 million against INR 450.7 million a year ago.
The board of directors has recommended a dividend of INR 2.40 per share subject to the approval from the share holders at the forth coming AGM. The dividend if approved by the Shareholders at the forthcoming Annual General Meeting shall be paid /dispatched on May 15, 2012.
Huhtamaki India Limited is a provider of primary consumer packaging and decorative labelling solutions in India. The Company provides pack designs and formats through a portfolio of packaging solutions. Its product ranges include food packaging, beverages, petfood, tube laminates, health care, personal care and household, labels, other specialties, and recyclable solutions. Its food packaging products include biscuits and snacks, confectionery, dairy and baby food, ice cream, ready meals, and soups and sauces. Its beverage packing products include coffee, juices and non-alcoholic drinks, liquor and cocktails, powdered beverages, and nutrition drinks. Its solutions include barrier and recyclable laminates, specialized pouching-like-shaped, five and six panel pouches, thermoforms, decorative labels, digitally printed laminates for pack personalization and tube laminates. Its tube laminates are designed for segments such as food, oral care, skin care, pharma, and other non-food items.
The Paper Products Limited. Reports Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Year Ended December 31, 2011; Recommends Dividend for the Year 2011, Payable on May 15, 2012