Cosmo Films FY08 revenues at Rs 591.38cr, up by 9.5%
Cosmo Films Limited, one of the market leaders in manufacturing & exporting of BOPP Films in India announced their FY ending results with total income of Rs. 591.38 crore for the Financial year ending March 31st, 2008
Q4 FY 2008 Financial Performance (compared with Q4 FY 2007)
• Total Income improves 6.4 % to Rs. 147.30 crore from Rs. 138.4 crore
• PBIDT increases 42.3% to Rs. 30.67 crore from Rs. 21.55 crore
• PAT grows 53.5% to Rs. 14.75 crore from Rs 9.61 crore
• EPS better at Rs. 7.59 from 4.94
l Highlights – Q4 FY’07
FY 2008 financial performance (compared with FY 2007)
• Total Income improves 9.5 % to Rs. 591.38 crore from Rs. 539.88 crore
• PBIDT increases 38.4% to Rs. 99.00 crore from Rs. 71.55 crore
• PAT grows 79.3% to Rs. 44.50crore from Rs 24.82 crore
• EPS better at Rs. 22.89 from 12.77
Cosmo Films Ltd,
Commenting on the company’s performance, Mr. Ashok Jaipuria, Chairman and Managing Director, Cosmo Films Ltd said “The Company has shown robust growth in 2007-08 with increase in PAT margins by 79.3%. Additionally the company believes in continuous innovation, quality consciousness, low cost BOPP suppliers & exploring new markets which has enabled Cosmo
Films Ltd to maintain margins in this competitive industry.”
He further added “The Outlook on our business continues to remain buoyant with domestic BOPP market growing at 15-20% and Migration of BOPP industries from Matured Western markets provides tremendous opportunity to the sector in India.”
Key Developments
Dividend Payment:
Cosmo Films Ltd has declared a dividend of 50% (Rs 5.00) per share
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