Pudumjee Paper Products Three Month Profit Up by 16%
Pune, 30th July, 2019: Pudumjee Paper Products Limited (PPPL) has
reported impressive results for the three month period ended 30th
June, 2019. During the three month period ended 30th
June, 2019, the Company sold 17141 MT of paper, a 5% increase over 16380 MT
sold during the same period in the previous year. While the Turnover for the three month period
increased by about 10% to Rs.159 crores (Rs.145 crores), EBIDTA for the period
increased by 14% to Rs.12.93 crores (Rs.11.31 cores).
The Profit Before Tax for the three
month period ended 30th June, 2019 showed a rise of 16% and stood at
Rs.8.70 crores (Rs.7.49 crores).
The increase in the profitability has
been on account of cost reduction measures initiated by the company coupled
with change in product mix and strategy as necessitated by market conditions.
The Company is on the verge of
completing the erection of equipment for downstream value added products which
is expected to supplement the efforts of the Company for improving performance
as well as strengthening business segment of Flexible Food Packaging papers.
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