Cosmo Films Ltd. PAT up 60% at Rs.433 Lacs, Net Sales up 29% at 13767 Lacs

New Delhi, Delhi, India

Cosmo Films Limited, India's leading BOPP manufacturer and supplier announced its results for the third quarter of 2006-07 yesterday.

The company has registered an impressive growth of 60% in net profit after tax. The profit after tax was reported at Rs 433 Lacs as compared to Rs. 270 lacs for the same period last year.

Speaking on the occasion Mr. Ashok Jaipuria, Chairman, Cosmo Films Limited said, "Our continuing focus on the growth of value added products has yielded good results for us. With greater focus on coated products and growth of thermal films primarily for global markets the company's results should be better in future, he added"

The company posted a Net Sales of Rs.13767 Lacs which was up by 29% as compared to the figure of Rs.10641 in the same quarter previous year.

The Profit Before Tax for the quarter was 105% high at Rs. 507 Lacs as compared to that of Rs. 247 Lacs in the same quarter previous year

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 press release along with the tables, please click on the link given below:

Financial Results

Ajit Parmar, Mutual PR, +91 9873378633 ajit@mutualpr.com

Source: Cosmo Films Ltd. (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.