Net profit of Huhtamaki PPL declined 61.60% to Rs 7.23 crore in the quarter ended June 2017 as against Rs 18.83 crore during the previous quarter ended June 2016. Sales declined 11.27% to Rs 502.63 crore in the quarter ended June 2017 as against Rs 566.49 crore during the previous quarter ended June 2016.

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Huhtamaki PPL will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Huhtamaki PPL will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve the Unaudited Financial Results of the Company for the Quarter/Half Year ended June 30, 2017.

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The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P BSE Sensex was up 132.66 points or 0.44% at 30,320.81. The BSE Small-Cap index was up 115.36 points or 0.74% at 15,644.19.

On the BSE, 2,213 shares were traded on the counter so far as against the average daily volumes of 8,598 shares in the past one quarter. The stock had hit a high of Rs 269 and a low of Rs 250.25 so far during the day.

The stock had hit a 52-week high of Rs 327 on 8 August 2016 and a 52-week low of Rs 227 on 29 March 2017. It had underperformed the market over the past one month till 12 May 2017, advancing 1.51% compared with the Sensex's 1.84% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 11.47% as against the Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 15.10 crore. Face value per share is Rs 2.

Huhtamaki PPL is engaged in the manufacturing of primary consumer packaging and labelling materials. It is one of the manufacturers of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

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