Net profit of Huhtamaki PPL declined 14.23% to Rs 17.96 crore in the quarter ended December 2018 as against Rs 20.94 crore during the previous quarter ended December 2017. Sales rose 9.04% to Rs 603.58 crore in the quarter ended December 2018 as against Rs 553.56 crore during the previous quarter ended December 2017.

For the full year,net profit declined 45.16% to Rs 34.89 crore in the year ended December 2018 as against Rs 63.62 crore during the previous year ended December 2017. Sales rose 11.04% to Rs 2332.11 crore in the year ended December 2018 as against Rs 2100.30 crore during the previous year ended December 2017.

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Huhtamaki PPL announced that the Board of Directors of the Company at its meeting held on 18 February 2019, has recommended a Interim dividend of Rs.3 per share(i.e.150%), subject to the approval of the shareholders.

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Huhtamaki PPL will hold a meeting of the Board of Directors of the Company on 18 February 2019.

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Huhtamaki PPL has appointed Murali Sivaraman as Non Executive Independent Chairman of the company effective 01 January 2019. Suresh Gupta, Executive Chairman of the company on 31 December 2018.

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