Piramal Glass 4Q profits soar to Rs.208 mn

Piramal Glass (Ceylon) PLC, the glass bottle maker unit of India’s Pirama Group said it had an “exceptional” fourth quarter (4Q15) with the net profits surging to Rs.208 million, compared to Rs.61 million in the corresponding quarter of the previous year.   

Piramal Glass directors have proposed a 23 percent dividend, in line with the firm’s consistent policy of 50 percent dividend pay-out ratio. The earnings per share improved to 21 cents from 7 cents in the same quarter of the previous year.

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