Piramal Glass Ceylon PLC has successfully closed the 1st half of F2016 with revenue growth of 19% to Rs. 3,040 million,& PAT growth of 67% to Rs. 287 million against the previous year similar period.
Q2 :- The Sales for the quarter under review showed a growth of 15% from Rs. 1,291 million to Rs.1,491 million. This was made possible due to the domestic market which continued with its positive momentum with a growth of 22% over Q2 of previous year. All sectors showed a marked improvement whilst the food & Beverage contributed significantly.
The export market achieved Rs. 252 million during the period under review as against Rs 276 million during the similar period of previous year. As a strategy the company is continuously churning the export market shift from mid mass to premium thereby utilising the capacities towards servicing the 100% requirements of the domestic market and remain active player in the export premium and value added segment.
Yet during the period the PGC exports have launched several new bottles in the USA market. Presently USA remain the second largest exporting country in the company’s product portfolio.
The operating profit (PBIDT ) for the second quarter grew by 18% to Rs 329 million.
The Profit after tax for the quarter ended 30th Sept, 2015 stood at Rs 141 million as against Rs 84 million in the corresponding period previous year.
H1 :- At half year the company achieved a domestic sale of Rs.2,497 million as against Rs. 2,031 million of previous year with a growth of 23%
The export sales stood at Rs. 543 million as against Rs. 527 million of previous year with a growth of 3%.
The operating profits (PBIDT) for the first half of the FY 2015-16 grew by 20% to Rs 672 million as against Rs 560 million in the similar period of the previous year .
Piramal Glass Ceylon 1st half year Revenue at Rs.3,040M
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