Piramal Glass turnover Rs. 1,375m in 3 Q

Piramal Glass Ceylon PLC (PGC), a manufacturer of specialty glass containers for food and beverages, pharmaceuticals and cosmetics and perfumery, has reported a turnover of Rs. 1,375 million and Net Profit of Rs. 205m for the 3rd quarter ended December 31 2011 of FY 2011/12.

The period under review has always been a peak sales quarter for the company due to the festive season. Yet this quarter surpassed all past records. Sales during this quarter grew by 18 percent from Rs. 1,166 million to Rs. 1,375m. This was mainly due to the strong growth of 18 percent in the domestic sector and 17 percent in export sector during this quarter when compared to the same quarter of the previous year.