Piramal Glass 4Q profits soar

  Company financial news

Piramal Glass has reported net profits up to Rs.208 million for the fourth quarter, compared to Rs.61 million in the corresponding quarter of the previous year.

Priceup
Piramal Glass had an exceptional fourth quarter
Piramal Glass (Ceylon) PLC, the glass bottle maker unit of India’s Pirama Group, said it had an “exceptional” fourth quarter (4Q15) with the net profits surging to Rs.208 million, compared to Rs.61 million in the corresponding quarter of the previous year.
Piramal Glass directors have proposed a 23% dividend, in line with the firm’s consistent policy of 50% dividend pay-out ratio. The earnings per share improved to 21 cents from 7 cents in the same quarter of the previous year.
The sales grew 21% year-on-year (yoy) to Rs.1.64 billion while domestic sales for the quarter saw an increase of 25% yoy and 8% yoy.
The company said the “exceptional” growth in the 4Q15 due to Sinhala and Tamil New Year helped to record turnover of Rs.5.8 billion for FY15, up 11% yoy.
The net profit for the year was Rs.439.4 million, up from Rs.283.2 million.
The company said the domestic market saw a market improvement during the year under review as it was able to cross an annual sale of Rs.4 billion with a 17% growth yoy, mainly coming from food & beverages segment.
“The export market too thrived with the company entering into several new markets namely USA, Philippines, Isarale, Nepal and Kenya,” a Piramal Glass statement said.
“We were able to develop several new products in the international market despite having to curtail export volumes to give performance to the commitment to the seasonal domestic demand,” it added.
The company also said the operational achievements were partly...







expand

Channel: Company financial news

4.258 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 102 
latest Order by:

GlassOnline News by Channel

Companygrowth

2017-09-21
Revenues of USD 343.9 million up 24%; EPS of USD 0.60; adjusted EPS of USD 0.75; reaffirming FY18 outlook for 24-26%...

AsahiIndia

2017-09-14
The bulk of these plans centre around the company's new Gujarat plant

DrujbaGlassworks

2017-09-05
Bulgarian glassware company reported consolidated net profit rose to 8.1 million BGN

CsmEA051024C210low169559588c60e

2017-09-01
Vetropack Group once again achieved record sales in the first half of 2017, and expects the market environment to...

Glaston

2017-09-01
Glaston’s outlook remains unchanged, and the company expects the full-year comparable operating result to improve from 2...

Increasedrevenue

2017-08-24
Apogee remains confident in longer-term growth outlook for U.S. commercial construction markets, has positive outlook...

Financialreports

2017-08-22
Borosil’s increase in capex will be used to increase its warehouse space as well as enhance its supply chain and l...

Jenoptik

2017-08-22
Stirom has announced that its net profit increased 77% on the year in the first half of 2017 to RON 20.8 million.

Equitycapitalmarkets

2017-08-04
Libbey has reported net sales results in line with company expectations; second-half outlook expected to demonstrate...

Finances

2017-08-02
Continued strong business performance and favourable non-operational tailwinds drive 2017 earnings guidance higher.

Increaseinnetsales

2017-08-01
Sika has reported results in line with market expectations, being kept on track to achieve its full-year sales target...

12342789161130jpgscioperiinbormiolirocco1

2017-07-31
In 1993, Bormioli Rocco was obliged to pay Parma City Council a considerable sum of money for purification and sewage...

Thirdquarter

2017-07-31
Ardagh Group’s second-quarter financial results showed that Group revenue increased by 58% to EUR 2,021 million, c...

Apogee

2017-07-28
Ferro generates fourth consecutive quarter of strong organic volume and sales growth, 13.6% increase in GAAP earnings,...

Quarterlycashdividend

2017-07-27
Libbey will announce its 2017 second-quarter financial results on Tuesday, 1 August 2017.

Profitdrop

2017-07-27
Drujba Glassworks said its non-consolidated net profit fell to BGN 8.1 million in the first half of 2017.

SYMRGB

2017-07-24
PPG reported second quarter 2017 net sales of $3.8 billion, up about 1 percent versus the prior year.

Mersenlogo

2017-07-24
Tthe Group has revised its guidance for organic growth in sales to between 3% and 5%.

A2444FERROColorandGlassworld28A4V18aCPPAGES1

2017-07-17
Ferro Corporation Schedules Conference Call for 2017 Second Quarter Results

Logo2016CMYK1

2017-07-17
Value Enhancement Partners takes over Scheuten Glass Holding.

Gerresheimerlogo

2017-07-14
Gerresheimer AG expects revenues to recover in the second half of the year.

ArdaghGrouplogo

2017-07-13
Ardagh Group S.A. will publish its second quarter 2017 results on Thursday, 27 July 2017

Bec25e6febb5a332d274ac13af2d7fb9

2017-07-04
Coca-Cola Hellenic Bottling Company has installed a high-speed bottling line at its Timisoara plant, Romania, to serve...

Results

2017-07-03
O-I is expected to disclose sales of USD 1.76 B for the present financial period, as per forecasts from six brokerage...

Financialreports

2017-06-26
Revenues of USD 272.3 million up 10%; EPS of USD 0.56; adjusted EPS of USD 0.62; FY18 guidance prior to acquisition...

Thirdquarter

2017-06-23
The Board of Directors of Apogee Enterprises has declared a quarterly cash dividend of USD 0.14 per share.

Conferencecall

2017-06-22
O-I will hold its second quarter 2017 earnings conference call and webcast on 1 August.

Conferencecall

2017-06-14
Apogee will host a first quarter conference call on 22 June to announce its fiscal 2018 first quarter results.

Financialresults

2017-06-13
First quarter retail sales decreased 3.0% to USD 3.2 billion, a decrease of 2.9% on a constant currency comparable...

Financialresults

2017-06-09
Ardagh Group has launched a bond offering of GBP 400 million Senior Notes due 2025.

Financialgraphs

2017-06-06
Drujba Glassworks will propose no dividend payout for 2016 at a general meeting scheduled for 29 June.

Cashpropertyandonetimedividends5902b11e5f9b5810dc3effb6

2017-06-02
Libbey shareholders will receive a dividend of 0.1175 per share, which represents a USD 0.47 dividend on an annualized...

Financialreports

2017-06-02
Saint-Gobain Sekurit India reported a sales decline of 11.44% to Rs 25.93 crore, with standalone net profit declining...

Increasedrevenue

2017-05-30
During the quarter ended March 2017, Asahi India Glass saw a 14.17% increase in net profit, while sales were up 3.79%...

Iposharestock58e79b5363337

2017-05-26
After launching a public offering of 14 million shares of its common stock, Jeld-Wen is now reporting a big stock sale.

Glaston

2017-05-19
Libbey's Board of Directors has declared the company's quarterly dividend, payable on 14 June 2017.

2017-05-16
Shares of Zignago Vetro currently have a 10-year dividend growth rate of 1.91%, a sign of a healthy stock.

StefanTraeger1

2017-05-16
Group revenue rose by 3.5% to EUR 163.7 million; EBIT improved by 13.0% to EUR 11.0 million; significant 39.7% rise in...

2017-05-10
Sri Lanka’s only glass bottle maker, Piramal Glass Ceylon PLC, posted a net profit of Rs.209.75 million for its fourth q...

Libby

2017-05-04
The company revises its full-year outlook to reflect softer business conditions.

Alliedglass

2017-04-28
Allied Glass Containers boosted by a £75m debt restructuring deal

Gerresheimerlogo

2017-04-28
Dividend increased for sixth time in succession to EUR 1.05 per share.

4.258 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 102 
Other channels: A.T.I.V. Articles - Adhesives and sealants - Advanced electronics - Anniversary - Art & culture - Autoglass - Automation and it - Automotive glass - Batch plants - Building applications - Case history - Coatings - Cold-end - Company financial news - Company news - Conditioning - Containers - Conveyors - Cooperation - Country outlook - Crystal - Cullet treatment - Cutting technology - Decoration - Design - Diamond Tools - Directives - Double glazing - Ecology - Edging - Energy saving - Events - Fibre treatment - Forming - Furnace technology - Glazing / Insulating Glass - Government - Grinding and bevelling - Handling - Ig equipment - Industry update - Innovation - Inspection - Laminating - Legal news - Machinery developments - Manufacturing technology - Markets & trends - Mergers, acquisitions & disposals - Mirror technology - Mould technology - Other news - Palletising/depalletising - People - Personnel & industrial relations - Photovoltaic glass - Plant technology - Printing and tempering - Processing - Product news - Production costs - Recycling - Refractories - Representative organizations - Research and development - Resin technology - Safety glass - Science & technology - Screen printing equipment - Sealants - Sector trends - Software - Specialist applications - Statistics - Storage and handling - Surface treatment - Surveys - Tableware - Tempering technology - Testing - Thermal imaging - Thermal insulation - Treatment plants - Tube production - Viewpoint - Worker safety -

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © Smartenergy S.r.l. 1996-2017 - All rights reserved

Smartenergy S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2022277 | Share capital: € 10,000 | P.IVA/VAT No.: IT 08386450962