Essel Propack registers 22% growth in Global Sales for the year ended December 31, 2005

Mumbai, March 14, 2006 : Essel Propack, the global leader in laminated tubes, today announced the audited consolidated global results for the year ended December 31, 2005. The Company reported a substantial increase of 22% in its global revenues for the year 2005. The sales have exceeded Rs. 8 Billion mark (Rs. 8,166 Million) while the net profit touched Rs. 902 Million, aggregating a growth of 11.48% over the same period of 2004. In USD term the growth in sales and net profit is 26% & 15% respectively. The international operations of the Company have contributed 69% (up from 65% in the year 2004) of the consolidated revenue, thus reflecting the trend of increasing overseas growth.

The Board of Directors of Essel Propack which met today, announced two major decisions as a part of increasing the shareholder value.

The Board announced a split in the face value of the share. The Board has recommended to the shareholders a share split from the present Rs. 10/- per share to Rs. 2/- per share and thereby reducing the face value of the share. This will go a long way in enhancing the liquidity of the shares.

Further, considering the cash flow and the continuing robust business performance, announced a special dividend of Rs. 12/- per share. The dividend will be subject to the shareholders’ approval during the AGM proposed on May 6, 2006.

While making the announcements in Mumbai, Ashok Goel, Vice Chairman & Managing Director said, “The low liquidity of our shares was always a concern, which we believe will be resolved with this step.“ Regarding special dividend, he added, “Giving value to our shareholders is of paramount importance to us”.

Essel Propack, the largest speciality packaging company in the world, is promoted by Essel Group. Essel Propack, head quartered in India, manufactures laminated tubes, plastic tubes, speciality laminates and Caps & Closures. The Company provides packaging solutions to toothpaste, pharmaceuticals, cosmetics, food and Industrial sectors all over the world. The Company has state-of-the-art manufacturing facilities in 13 countries with 21 plants across the globe. Essel Propack’s stock is listed on the Bombay Stock Exchange and the National Stock Exchange.

Press contacts : Mumbai : Ramdas Warrier – 98209 04179; Delhi : Chetan Saxena - 98113 23282

Latest Reads
Sunny Leone in Discovery JEET’s show Man Vs Wild

Sunny Leone will be displaying her adventurous side as host of the mega-popular survival series Man Vs. Wild. The iconic series will telecast in Hindi on the soon-to-be-launched GEC Discovery JEET. The new GEC will premiere in the second week of February 2018 and the series will feature the...

Television TV Channels GECs
Times Now appoints Sujeet Mishra as marketing head

Times Network, part of India’s media conglomerate, The Times Group today announced the appointment of Sujeet Mishra as head of marketing, Times Now.

Television TV Channels People
Experience space with BBC's new VR experience

The BBC is giving you a chance fly. Home - A VR Spacewalk is an interactive virtual reality (VR) experience launched today for the HTC Vive and the Oculus Rift, and is available to download for free via the Steam Store and the Oculus Store.

Television TV Channels Factual & Documentary
Sony BBC Earth presents the Best of 2017

Sony BBC Earth revisits some of its most popular episodes of the best shows in a special programming line-up titled Best of 2017 starting 18 December 2017, every night at 7 pm and 11 pm.

Television TV Channels Factual & Documentary
Increased revenue from traditional media boosts Shemaroo numbers

Integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 18.3 percent higher year-on-year (y-o-y) consolidated total revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18, the quarter under review) stood at Rs 1,345.7 million as compared with Rs 1,138.6 million in...

Television Production House Film Production
21st CF spins-off into new live news & sports co Fox

MUMBAI: After the blockbuster acquisition of 21st Century Fox by The Walt Disney Company, the former has announced that it will spinoff into a new brand Fox’ that will seek to replicate its own success in the newly focussed verticals of live news and sports brands. Using fiscal 2017 as a base, the...

Television TV Channels News Broadcasting
With Star India, Disney emerges as India's largest M&E firm

MUMBAI: Unlike the US, where the merger of The Walt Disney Co and 21st Century Fox’s entertainment assets is between two near equals, the scenario in India is totally different. 21st Century Fox’s India venture Star India is a $1.7 billion dollar media and entertainment behemoth while Disney India...

Television TV Channels People
Disney to buy 21st Century Fox assets for $52.4 billion

The Walt Disney Co has set up a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.

Television TV Channels Movie Channels
MOVIES NOW brings #StopDreamingAndStartWinning with 100 Mania Season 5 for its viewers

Movies Now, India’s english movie channel, rings in the festive season with its property ‘100 Mania’, beginning Friday, 15 December at 9pm. In its 5th season, the channel has curated a line-up of some of the biggest Hollywood blockbusters like Furious 7, Jurassic World, Disney’s The Jungle Book,...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories