Cosmo Films Limited Announces Company’s EBITDA increases by 19% YoY
Monday, August 13, 2018
Press release from the issuing company
New Delhi – Cosmo Films Limited, a global leader in films for packaging, labelling & lamination applications and synthetic paper today declared its financial results for the quarter ended June 30, 2018.
In Q1FY19,net revenue increased by 24% due to pass through of increase in raw material prices,increase in sales volumeand better sales mix.While commodity film marginsremained subdued, the company achieved higher EBITDA from enhanced operational efficiencies, volume increase and a better sales mix.
Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “The Company remains consistent in its approach by focusing on internal efficiencies such as lines productivity, better sourcing andimproving the sales mix. Improvement in overseas subsidiaries operations has also started yielding results.”
To post a comment Log In or Become a Member, doing so is simple and free