Duropack Limited Reports Unaudited Earnings Results for Second Quarter and Six Months Ended Sept. 30, 2018
November 13, 2018
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Duropack Limited reported unaudited earnings results for second quarter and six months ended Sept. 30, 2018. For the quarter, the company reported revenue from operations of INR 44.135 million, profit from operations before other income and finance costs and exceptional items of INR 3.497 million, profit from ordinary activities before tax of INR 3.497 million, net profit of INR 2.604 million or INR 0.65 per basic and diluted share before and after extraordinary items compared to the revenue from operations of INR 30.738 million, profit from operations before other income and finance costs and exceptional items of INR 3.092 million, profit from ordinary activities before tax of INR 3.092 million, net profit of INR 2.268 million or INR 0.49 per basic and diluted share before and after extraordinary items for the same quarter a year ago.
For the year to date, the company reported revenue from operations of INR 80.837 million, profit from operations before other income and finance costs and exceptional items of INR 6.644 million, profit from ordinary activities before tax of INR 6.644 million, net profit of INR 4.948 million or INR 1.25 per basic and diluted share before and after extraordinary items compared to the revenue from operations of INR 60.092 million, profit from operations before other income and finance costs and exceptional items of INR 4.718 million, profit from ordinary activities before tax of INR 4.718 million, net profit of INR 3.511 million or INR 0.75 per basic and diluted share before and after extraordinary items for the same period a year ago.
Duropack Limited is an India-based company, which is engaged in the field of manufacture and export of multi-layer laminate films, pouches and bags, wide width holographic films, and stickers. It operates in the single business segment of manufacture of multilayer films, flexible laminated films, plastics bags and pouches, and holographic films products. Its products include custom printed pouches, kraft paper pouches, standup pouches, pouches with degassing valves, spout pouches, side gusset pouches, three-side seal pouches, center seal pouches, vacuum pouches and printed laminated rolls. The Company also manufactures a specialized range of standup pouches and offers customized solutions according to customers' requirements. Its stock products include stock standup zippers, stock spout pouches, stock side gusset pouches, stock vacuum pouches, stock jar pouches, and stock single-serve pouches. It serves markets such as tea packaging pouches, coffee packaging, and pulse packaging.