The Paper Products (PPL), India’s leading flexible packaging company, posted a 102 per cent rise in net profit at Rs 8.25 crore for the quarter ending September 30, 2009 as compared to Rs 4.07 crore in the corresponding period last year.
During the quarter, the company achieved net sales of Rs 159.24 crore, a marginal decline of 3.2 per cent from Rs 164.53 crore in the comparable quarter last year.
PPL attributed better net profit to a more favourable product mix, better cost efficiency management in response to the economic situation and absence of forex losses which had hit in 2008.