Television

Essel Propack nets Rs 4,117 mn profit in Q3

NEW DELHI: The Subhash Chandra-promoted Essel Propack Limited, world's largest laminated tubes manufacturer, registered sales of Rs 4,117 million for the nine months period ended September 2003. The net profit

stood at Rs 513 million, signifying a growth of 7 per cent.

The consolidated global sales reflect a healthy growth of 16.3 per cent, compared to the corresponding period of the previous year. The sales have increased largely due to the impact of new operations in the USA, growth in China market and the improvement of operations in Colombia, the company has said in a statement today.

The third quarter ended September 2003 recorded a growth of 7 per cent in net profit compared to the second quarter of this year.

The increase in net profit was achieved not withstanding the marginal decline of 3.4 per cent in the net sales. This was due to a slow down in the Chinese local customers' off-take and the planned relocation of a key customer's manufacturing plant from Shanghai to Hefei during Q3 of 2003.

Essel Propack is confident of regaining the lost volumes in fourth quarter, the company said, adding the results need to be viewed in the light of the "continued low growth of the FMCG sector in India and the unsustainable low prices offered by the competition."

The growth in the overseas revenues denominated in US$ gets translated into lower rupee growth due to the strengthening of Indian rupee.

The statement said the company has strengthened its relationships with the key customers in India. The volumes in China will continue to be on the growth path in the future.

Essel Propack's new laminate manufacturing unit in China has reached stabilisation phase in its quality, the company has already rolled out the laminate from China to the USA, and Latin markets. The full effect of this will be felt in the year 2004, the company said.

Essel Propack, the largest specialty packaging company, is promoted by Essel Group, which also has some other companies under its fold like Zee Telefilms and ASC Enterprises.

Essel Propack, headquartered in India, provides packaging solutions to toothpaste, pharmaceuticals, cosmetics, and Industrial sectors all over the world.

The company has manufacturing operations in 11countries across the globe. Essel Propack Limited's stock is listed on the stock exchanges of Mumbai, Ahmedabad, Delhi and the National Stock Exchange.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/vivo%20%281%29.jpg?itok=ScrjpC0c
Willow TV acquires exclusive US media rights for IPL '17

Willow TV, the primary broadcaster for cricket in North America, has acquired the exclusive media rights in the United States for the VIVO IPL 2017 Twenty20 tournament.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/ten%20%281%29.jpg?itok=0gB_WLJq
Ten Sports: Sony Pictures Networks completes first phase of acquisition

Sony Pictures Networks India (SPN) and its affiliates have completed the first phase of a two-phase acquisition of the Ten Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries.

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/Kalli%20Purie-800x800.jpg?itok=fUrJLdfn
India Today taps Taboola to drive engagement, rev & audience development

MUMBAI: Taboola, one of the world’s leading discovery platforms, has announced an exclusive, three-year renewal agreement with India Today. Under the agreement, India Today will be integrating Taboola’s personalised content recommendations, full page personalisation, newsroom and audience exchange...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/V-NAAIDU-800X800.JPG?itok=uW3cHCJ-
Content with subtitles on India, Ukraine pubcasters discussed

MUMBAI: India and Ukraine have agreed to strengthen the bilateral cooperation between the twocountries through the medium of Cinema. The cooperation would be worked out through a policy and institutional framework to showcase films through the medium of Film Festivals and utilizing the Film...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/entertainment.jpg?itok=lpRvLERa
Politics interferes with entertainment, channel coerced into pulling out particular content

MUMBAI: The film wing of a regional political party claimed that it has ‘forced’ a TV channel not to telecast content which it felt was insulting Shivaji Maharaj. MNS film wing's Amey Khopkar told PTI that he wrote to the channel, warning them against telecasting the programme which showed Shivaji...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/STAR-PLUS-DOPAHAR-800x800.jpg?itok=qSqLfQEx
Star Plus gambles with afternoon programming in the run-up to IPL

MUMBAI: Star Plus is not only known for experimenting and being bold with its content but also with its time slots. It was the first Indian GEC which turned the prime time clock back by launching Sasural Genda Phool and Saath Nibhana Saathiya in the 7pm band more than half a decade ago.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/Supriya-Sahu.jpg?itok=fM4G8zWg
Efficient management: DD implements online scheduling, billing & payment

MUMBAI: Doordarshan has implemented the Broadcast Air Time Traffic Scheduler (BATS) for online commercial scheduling & billing as well as for payment through SBI gateway.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/inside%281%29.jpg?itok=a4cQPdmr
Tarun Katial's big magic with Big Ganga

MUMBAI: A takeover is in progress. Yet, that is not getting in the way of television veteran Tarun Katial. For him, it is business as usual. The CEO of Reliance Broadcast Networks Ltd, who cut his teeth as a media professional in the early part of his career, is pleased as punch. The reason: RBNL'...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/pete%20%281%29.jpg?itok=JX1h2Zuu
Pete Holmes makes his way to Star World Premiere HD with 'Crashing'

Star World Premiere HD, India’s leading English entertainment channel is known for handpicking some of the most award-winning, star-studded and critically acclaimed shows on television today. Taking its entertainment quotient a notch higher, the channel that exclusively airs comedy series - Emmy...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories