Post-war demand raises Piramal profits

Published 9th May, 2011 by Greg Morris

Piramal Glass has reported a return to profits in the year ending March 2011 amid strong local demand following the end of a war.

The company confirmed annual profits of 578 million rupees from a loss of 61 million in the previous year. Local sales rose by 0.8 billion rupees, while exports dropped by 0.1 billion.

“With peace being restored in the region, the domestic market contributed significantly during the year under review,” the company said in a statement.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.