Net profit of Prima Plastics rose 170.90% to Rs 3.63 crore in the quarter ended March 2020 as against Rs 1.34 crore during the previous quarter ended March 2019. Sales declined 17.51% to Rs 33.22 crore in the quarter ended March 2020 as against Rs 40.27 crore during the previous quarter ended March 2019.

For the full year,net profit rose 6.53% to Rs 10.11 crore in the year ended March 2020 as against Rs 9.49 crore during the previous year ended March 2019. Sales declined 4.41% to Rs 127.06 crore in the year ended March 2020 as against Rs 132.92 crore during the previous year ended March 2019.

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Prima Plastics will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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Prima Plastics has fixed 28 March 2020 as record date for payment of interim dividend.

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Prima Plastics announced that the Board of Directors of the Company at its meeting held on 20 March 2020, has recommended a Interim dividend of Rs.1 per share (i.e.10%), subject to the approval of the shareholders.

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