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Our Bureau

Mumbai , April 28

ESSEL Propack has reported a 10 per cent increase in its first quarter net profit at Rs 18 crore against Rs 16.3 crore in the year-ago period.

Sales moved up to Rs 152.1 crore from Rs 118 crore in the year-ago period. The increase was mainly due to the full impact of new operations in USA, growth in the China market and also improvement of sales from its Indian operations.

For its Indian operations, Essel Propack reported a net profit of Rs 11.7 crore (Rs 7.3 crore) on net sales of Rs 56.6 crore (Rs 45.3 crore).

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