The Paper Products Ltd (PPL), the country’s leading manufacturer of primary consumer packaging manufacturer, posted 58.41 per cent decline in net profit at Rs 3.81 crore in the fourth quarter of 2008 as compared to Rs 9.16 crore in the comparative period of last year.
The company's accounting year ends on December 31.
The company posted net quarterly sales of Rs 142.79 crore that recorded a marginal 0.3 per cent growth from Rs 142.29 crore in the same period last year.
For the calendar year ended 2008, PPL recorded 24.96 per cent fall in net profit at Rs 21.29 crore from Rs 28.37 crore during the last year. The company’s sales during the period surged 15 per cent to Rs 612.09 crore from Rs 532.06 crore.