HUHTAMAKI PPL

Huhtamaki PPL, which was earlier known as Paper Products has done very well for first half of CY16. The first half has been very good for the company – it ended HI with a net profit of Rs.52 crore, up 30% but it is already 67% of entire 2015 net profit of Rs.77 crore.  The company is sure to end the year with a much higher net profit.

For Q2CY16, the performance was a bit muted with net sales coming in at Rs.566 crore, up 5% but a 6% rise in total costs, pushed down the EBITDA by 6% at Rs.59 crore. Margins were down from 11.56% to 10.31%. Net profit for the quarter was at Rs.18 crore, down 10%.

Equity was at Rs.14.54 crore. EPS came in at Rs.7.23 (FV of Rs.2). Reserve was at Rs.601 crore. Huhtafeva BV of Netherlands holds 68.77%.