New Delhi, Delhi, India
Cosmo Films Limited, India's leading BOPP manufacturer and supplier today announced its audited first quarter results for the year 2006-07.
The company has registered an impressive growth in profits with net profit after tax of Rs 613 Lacs as compared to Rs. 41 lacs for the same period last year.
Speaking on the occasion Mr. Sushil K. Mittal, Executive Director & CEO, Cosmo Films Limited said, "We are very pleased with our 36.57% percent growth in Net Sales. "Our focus on Thermal lamination film exports has paid rich dividends with the company registering spectacular growth", he added.
F.O.B. value of exports has increased from Rs. 3351 Lacs in the previous year to Rs. 6061 Lacs in the corresponding quarter which shows an increase of more than 80 %.
The annualized EPS stands at Rs 12.60 compared to Rs 0.96 for corresponding results last quarter.
About Cosmo Films Ltd:
Cosmo Films was started in 1980 to manufacture Bi-axially Oriented Polypropylene Films (BOPP) for the first time in India. Since inception Cosmo Films has maintained market leadership and also continues to be largest BOPP film exporter from the Country. The current capacity is 75000 MT per annum including 10500 MT of Thermal lamination film.
Apart from ISO 9000, Cosmo Films has also got accredited with American Institute of Baking (AIB) and British Retail Consortium (BRC) Certification for Safety and Hygiene of Food related products. Cosmo Films is associated with leading FMCG Brands for providing cost-effective innovative packaging solutions to enhance their value.
To view the Audited Financial Results please click on the link given below:
http://www.businesswireindia.com/attachments/AUDITED_FINANCIAL_RESULTS(3).doc
T. Anand Mahesh, Mutual PR, +91 9350266285 amahesh@mutualpr.com
Ajit Parmar, Mutual PR, +91 9873378633 ajit@mutualpr.com
Source: COSMO FILMS LTD. (Business Wire India)
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