Total profit before tax for the six months showed a rise of 26% and stood at Rs. 201.47 million while the turnover for the six months increased by about 7% to Rs. 3180 million.
During the said period, the company produced 36,269 MT of paper, a 9% increase over 33,406 MT produced during the same period in the previous year.
The company said it is ideally placed to replace single-use plastic in various applications, including food and hygiene product packaging, for which purpose it is vigorously developing and marketing multiple varieties of value-added papers, including for liquid packaging.
Pudumjee Paper Products has completed the erection of equipment for downstream value-added products, which is expected to supplement the efforts of the company for improving performance as well as strengthening business segment of flexible food packaging papers, it said.
Pudumjee Paper Products Limited was incorporated on 14 January 2015, as a public limited company under the provisions of the Companies Act, 2013.