BS Reporter / Mumbai
Pharmaceutical packaging company Ess Dee Aluminium Ltd (EDAL) has posted a net profit of Rs 24.35 crore for for the fourth quarter of 2007-08, 51 per cent higher than the Rs 16.13 crore posted in the corresponding previous year period. Revenues increased by 42 per cent to Rs 100.72 crore for the fourth quarter, compared to Rs 70.75 crore in the previous quarter.
For the year ended 2007-08, the company posted a net profit of Rs 73.45 crore, an increase of 97 per cent over the Rs 37.28 crore posted in the previous year. Revenues grew 89 per cent to Rs 316.94 crore for 2007-08, versus Rs 167.38 crore in the previous year.
" We have performed well across segments in the enterprise. The rising demand in the pharma packing industry is an opportunity to spread our wings in the market," said Sudip Dutta, chairman and managing director.
EDAL's products include aluminium foil for strip packs, lid foil and various PVC films for blister packs. EDAL has three manufacturing facilities – two in
The company has recommended a dividend of 20 per cent on the equity shares.
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