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Business Standard
2 days ago
- Business
- Business Standard
TCPL Packaging Q4 PAT climbs 33% YoY to Rs 38 crore
TCPL Packaging's consolidated net profit jumped 32.75% to Rs 38.02 crore in Q4 FY25 as against Rs 28.64 crore posted in Q4 FY24. Revenue from operations rose 5.80% year on year to Rs 416.23 crore in the fourth quarter of FY25. Profit before tax (PBT) stood at Rs 39.48 crore in Q4 FY25, up by 4.77% from Rs 37.68 crore recorded in Q4 FY24. EBITDA rose 2% year on year to Rs 72.1 crore during the quarter. EBITDA margin reduced to 17.1% in Q4 FY25 as compared to 17.6% registered in Q4 FY24. On a full year basis, the companys consolidated net profit rallied 44% to Rs 143 crore on 15.19% rise in revenue from operations to Rs 1,742.57 crore in FY25 over FY24. Commenting on the performance for Q4 & FY2025, Saket Kanoria, managing director, TCPL Packaging, said: We are pleased to report a robust financial performance for FY25, marked by a 15% growth in revenue, a 17% increase in EBITDA, and a 44% rise in Profit after tax. These results reflect our operational excellence and the successful execution of growth initiatives, despite a subdued domestic demand environment. We have also initiated plans to establish an in-house gravure cylinder manufacturing facility, which is expected to be commissioned in Q3 FY2026 with an annual capacity of 12,000 cylinders. This backward integration initiative will leverage advanced engraving technologies to enhance process control, print quality, and delivery speed, further strengthening TCPLs competitive edge. Aligned with our commitment to shareholder value, the Board has recommended a dividend of Rs 30 per share, marking 25 consecutive years of uninterrupted payouts and reflecting our consistent dividend policy. As part of our broader commitment to sustainability, we are announcing a target to achieve carbon neutrality for operational (Scope 1 and 2) emissions by 2040, using FY202324 as the baseline year. We are also focused on strengthening our ESG disclosures and scoring frameworks, supported by the ongoing development of our first Integrated Report. These initiatives are integral to strengthening TCPLs sustainability credentials and positioning the Company as a responsible, future-ready packaging partner for customers globally. Looking ahead, TCPLs strong balance sheet and disciplined investments provide a solid foundation to pursue emerging opportunities in the dynamic packaging sector. With a consistent 30-year revenue CAGR of 17.6%, we continue to evaluate avenues to sustain higher growth rates and create long-term value for our stakeholders. As the Indian packaging industry consolidates around larger, organised players, our emphasis on innovation, operational strength, and expanding presence ensures we remain well-positioned to drive sustainable growth and strengthen our industry presence. Meanwhile, the board of directors has recommended a dividend of Rs 30 per equity share of face value Rs 10 each for the financial year ended 31 March 2025, subject to approval by the shareholders at the companys upcoming 37th annual general meeting. TCPL Packaging manufactures paperboard-based packaging materials and flexible packaging products. Shares of TCPL Packaging tanked 4.48% to Rs 3,929.05 on the BSE.
Kuwait Times
6 days ago
- Business
- Kuwait Times
PMI's report details progress towards its smoke-free vision
DUBAI: Philip Morris International Inc recently published its sixth annual Integrated Report, marking the company's 10th year of business transformation and sustainability disclosures. The document details PMI's continued progress in delivering long-term value to shareholders and other stakeholders while advancing its purpose of having its smoke-free alternatives make cigarettes obsolete as soon as possible. 'Our 2024 Integrated Report celebrates a milestone year that marked the 10th anniversary of the commercialization of IQOS, VEEV and ZYN and our journey toward achieving one of the most ambitious business transformations in modern history,' said Jacek Olczak, Chief Executive Officer of PMI. 'By the end of 2024, our efforts to expand access to smoke-free products allowed us to reach 95 markets with an estimated 38.6 million adult users, demonstrating our deep commitment to sustainability and business transformation. These achievements fill me with profound optimism as we continue to create long-term value while addressing our product and operational impacts, not only sustaining but accelerating our momentum, accomplishing a number of goals that only a few years ago seemed too ambitious.' The Integrated Report describes the company's strategy, business model, and both product-related ('what' the Company produces) and operational-related ('how' the Company operates) performance. The report explains the Company's performance and approach to sustainability in the context of a comprehensive five-pillar framework that includes compliance and risk mitigation as well as operational efficiency, innovation, and purposeful impact. It emphasizes how regulatory compliance serves as the foundation while risk management ensures business resilience. It highlights how this approach streamlines processes for enhanced productivity and profitability, aligns sustainability with long-term business goals to drive innovation and competitive value, and ultimately aims to lead a significant industry transformation by influencing standards, shaping policy, and driving systemic change that redefines market expectations. 'The path to transformation is rarely linear, and our experience in 2024 reinforces a crucial truth: Achieving a smoke-free future requires collective effort beyond our direct control. Our smoke-free business accounted for approximately 39 percent of PMI's total net revenues for the full year 2024, with an acceleration in top- and bottom-line growth. Competing in the cigarette market while simultaneously working to transform it is not a contradiction but a necessary phase in our journey,' said Emmanuel Babeau, Chief Financial Officer of PMI. 'Our integrated approach—linking financial success with positive impact—positions us well to continue investing in the future. We remain confident that our financial strength, combined with our sustainability leadership, is the right path forward.' Product and Operational Impact: Performance Highlights * Six markets where more than 75% of net revenues are generated from smoke-free. * Over $14 billion cumulative investment behind smoke-free products since 2008 (2023: $12.5) * 99% of total shipment volume covered by youth access prevention programs in indirect retail channels (2023: 98%) * 99% of contracted farmers supplying tobacco to PMI who make a living income (2023: 96%) * 10 human rights impact assessments completed since 2018 in highest-risk countries (2023: 8) * 61% of PMI manufacturing facilities certified as carbon neutral (2023: 43%) * First pre-certified environmental product declarations (EPD) published on IQOS ILUMA i series of devices 'We understand the importance of setting ambitious yet realistic targets that drive our business success. Our Sustainability Index has proven instrumental in ensuring our ambitions are balanced and our metrics are objective, while our enhanced nonfinancial data governance helps us report with precision and consistency,' said Jennifer Motles, Chief Sustainability Officer of PMI. 'Our commitment to sustainability is inseparable from future-proofing our business, creating tangible impacts within our control and sphere of influence, and contributing to a transformation that extends beyond our company.' The Integrated Report 2024 has been prepared with reference to the Global Reporting Initiative (GRI) Universal Standards (2021) and relevant topic-specific standards. The report takes into account guidance from the International Sustainability Standards Board (ISSB) of the IFRS Foundation, including using its SASB Standards, Integrated Thinking Principles, and Integrated Reporting Framework. PMI's SASB Index and GRI Index, which also maps the principles and standards of the UN Global Compact (UNGC), is available on The report is accompanied by the PMI Sustainability KPI Protocol 2024, which provides a transparent explanation of how we define and measure progress for each Sustainability Index KPI. Please visit to learn more and read the full Integrated Report 2024, as well as case studies and market stories and the Sustainability KPI Protocol 2024.
Yahoo
23-05-2025
- Science
- Yahoo
Dougherty County portion of Flint River declared impaired
By David Dixon ALBANY — The Georgia Environmental Protection Division's Water Protection Branch recently added the section of the Flint River from the Lee County line to the Mitchell County line to the GAEPD Impaired Streams List (Section 305(b)/303(d)). In 2022, that portion of the Flint was designated as impaired for mercury in fish tissue and in 2024 for the human pathogen indicator bacteria E. coli. To meet the requirements of the U.S. Clean Water Act, Georgia assesses a percentage of its waters approximately every two years and publishes the 'Water Quality in Georgia' Integrated Report. This report describes the quality of all the waters in the state and contains a list of waters in good condition and those impaired/polluted, along with fish consumption guidelines. 'Due to the impaired listing, Dougherty County is required to begin monitoring the Flint River as part of our NPDES Stormwater Permit as a Phase I medium Municipal Stormwater System (MS-4) and submitting those results to Georgia EPD,' according to Dougherty County Public Works sources. The Dougherty County Public Works Department is in the process of finalizing a sampling and testing protocol to meet the requirement from GAEPD. The GAEPD has approved total suspended solids sampling as a substitute for mercury testing, a once-a-year requirement. The sample would be required to be taken at the upstream end of the defined urbanized area at the Marine Stormwater Canal (Marine Ditch) near Radium Landing and the downstream end at the discharge point at the Radium Spring Run (Skywater Creek). For bacteria testing, the GAEPD is requiring that four grab samples be collected within a 30-day window four times a year at these two sites. This will require collecting 16 total samples per calendar year. The requirement also stipulates that two groups of four samples be collected from May-October and the other two sets from November-April. These samples must be put on ice immediately after they are collected. DCPW will send these samples off for certified laboratory testing. Even though Dougherty County will not be required to test for mercury in this section, Georgia Department of Natural Resources Wildlife Resources Division Fisheries Supervisor Rob Weller said, 'Mercury in fish tissue will still be tested by the DNR. In the case of the Flint River and other water bodies, the DNR will sample fish tissue for mercury and other parameters every 10 years. The next routine scheduled sampling date for the Flint River is 2031.' The mercury in fish tissue designation has been caused by accumulation of that toxic material in upper predatory fish like largemouth and striped bass. Mercury is released naturally into the atmosphere through volcanic eruptions and wildfires. It is also produced through human activities such as combustion of coal to produce electricity. Wind transport from far away sources of mercury also can contribute to the accumulated load. In the case of Dougherty County, the majority of this toxin would have been produced from the nearby legacy coal burning plants that have now discontinued burning coal. These sources were Plant Mitchell on the banks of the Flint River downstream of Albany, MillerCoors (now MolsonCoors) in Dougherty County, and the Crisp County Power Commission plant beside Lake Blackshear at Warwick. Unfortunately, mercury takes a long time to work its way out of the environment, so testing and publishing guidance on fish consumption is needed to inform the public of the potential danger of eating certain species. The designation of E. coli bacteria is directly caused by the city of Albany's Combined Sewer Overflow system. Although much work has been completed on eliminating the raw sewage that goes into the Flint River, until it is completely separated from the stormwater, issues with high bacterial loads, after even small rainfall amounts, will continue. 'We are, of course, interested in seeing this section of the Flint delisted by GAEPD,' Flint Riverkeeper Gordon Rogers said. 'I have personally been working on the mercury issue as Riverkeeper for first the Satilla, then the Flint, since 2005. We have seen improvements due to better emissions controls and closures, and expect to see more. 'Regarding E. coli, the work that the city is doing is the key to major success. We are pleased with their progress and expect to see bacterial levels drop in the next few years. Even now, there are many times when the river is perfectly safe to be in. Indeed, we have a couple of 'tube floats' coming up on May 30-31 that are open to the public.'
New Straits Times
19-05-2025
- Business
- New Straits Times
PNB issues integrated report, gives out record RM14.5bil in income and bonus distribution
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has delivered a record income and bonus distribution of RM14.5 billion to unitholders across its 18 fixed price (FP) and variable price (VP) funds in 2024. The record performance, the company said, was driven by a positive macroeconomic and capital market environment, along with its continued asset diversification strategy. As a result, its total group net income rose 30.2 per cent, from RM13.04 billion to RM16.97 billion, PNB said its Integrated Report for the year ended Dec 31, 2024 (IR2024) issued today. The report is aimed at providing greater reporting standards and assurance, as well as broadened ESG disclosures. This is in line with its commitment for transparency, sustainable value creation, and alignment with global best practices, the fund said. PNB said it continues to be the preferred asset management company of choice trusted by all Malaysians, with the number of unique account holders and total number of accounts expanded to a record high of 13.1 million and 16.2 million respectively. Consequently, total asset under management (AUM) recovered to RM348.3 billion, up from RM337.0 billion in 2023. Group chairman Raja Tan Sri Arshad Raja Tun Uda said PNB is pleased with the strong performance it achieved in 2024. "Amanah Saham Nasional Bhd (ASNB) distributed a record dividend, benefitting all Malaysians with our flagship fund, Amanah Saham Bumiputra (ASB), distributing a total income of 5.75 sen, the highest over the last five years. "All our 18 FP and VP outperformed their benchmarks, with 11 out of 12 of our VP funds, ranked in the top or second quartile among their respective peer groups. "This performance positively reflects the long-term resilience of PNB in delivering its purpose to uplift the financial lives of Malaysians across generation," he said in a statement today. Moving into 2025, PNB president and group chief executive Datuk Abdul Rahman Ahmad said given the recent geo-political development and fundamental shift in US trade policies, the fund recognised it has to be realistic that the macroeconomic and capital markets will be highly uncertain and volatile for the year ahead. He said to navigate these challenges, PNB will remain steadfast in executing the strategic initiatives across the six pillars that we have developed under the company's LEAP 6 Strategic Plan. "Our focus remains in sustaining the performance of our funds through continued asset diversification strategy as we fulfil our commitment of delivering consistent, competitive returns to our unitholders. "A more pressing challenge now is to get Malaysians to save more and invest with ASNB given shifting spending habits, coupled with pressure on net disposable income, have lowered the propensity of Malaysians to save voluntarily compared to five or 10 years ago. "However, we are optimistic that we can address this by strengthening our sales and distribution capabilities, supported by product innovation, financial literacy programmes, and an expanded distribution platform," he noted. According to PNB, the IR for 2024 provided a wider breath of information that reflects the progress of the company over the past year. This includes PNB's latest initiatives, including the LEAP 6 Strategic Plan that established the target to grow AUM to RM400 billion by 2027, the rebranding of ASNB to re-energise efforts to attract the younger generation, together with the launch of Robo Investment Advisor and 'Celik Madani', as part of ASNB's aggressive strategy to expand the savings of Malaysians. The report also highlighted the substantial progress PNB is making in advancing its sustainability agenda, especially in achieving net-zero emissions at both the enterprise and portfolio levels and advancing the minimum living wage agenda across corporate Malaysia.
Al Etihad
01-04-2025
- Business
- Al Etihad
PureHealth focused on acquisitions to drive its growth in 2024
1 Apr 2025 19:18 A. SREENIVASA REDDY (ABU DHABI)Pure Health Holding, the Middle East's largest healthcare group, has placed acquisitions at the forefront of its growth strategy in 2024, according to its Integrated Report submitted to the Abu Dhabi Securities Exchange (ADX).PureHealth uniquely integrates all aspects of the healthcare value chain, including hospitals, primary care centers, pharmacies, group purchasing organisations, diagnostics, research, health tech and insurance. This integration allows PureHealth to enhance patient outcomes, and create synergies across its diverse has demonstrated strong financial performance in 2024, with consolidated revenue increasing by 58% year-on-year (YoY) to Dh25.8 billion, according to the report. The company's EBITDA grew by 69% to Dh4.1 billion, and net profit increased by 78% to Dh1.7 billion. This growth is attributed to strong performance across its core segments, including hospitals, insurance, diagnostics, and procurement, and also from key acquisitions, the report said. In 2024, PureHealth's growth strategy has been significantly fuelled by key acquisitions, including the acquisition of Circle Health, the UK's largest independent hospital operator, for £1.2 billion, which has expanded Pure Health's international footprint and provided access to the UK healthcare market, and the acquisition of Sheikh Shakhbout Medical City (SSMC) in Abu Dhabi for Dh600 million, which is the region's largest healthcare complex, providing advanced tertiary care. Circle Health contributed Dh6 billion to the top line, demonstrating a 7% YoY revenue growth, while SSMC added Dh2 billion to revenue, reinforcing domestic operations and enhancing specialised tertiary care boasts more than 100 clinics, over 300 hospitals, and a workforce exceeding 56,000 and Managing Director, Farhan Malik, stated: 'Our strong financial performance underscores the effectiveness of our strategy. The acquisition of Circle Health Group has strengthened our international reach, enabling us to leverage best practices and bring world-class healthcare closer to those who need it. Simultaneously, our expansion within the UAE, acquiring the largest healthcare complex in the region, which focuses on specialty care, reaffirms our commitment to elevating healthcare standards at home while positioning the UAE as a global hub for medical excellence'.Group Chief Executive Officer Shaista Asif noted: 'PureHealth's 2024 journey was marked by strategic expansion, innovative patient-centred care, and robust financial growth, solidifying our position as a global healthcare leader whilst enhancing value for all stakeholders.'Manzoor Ahmad, Group Chief Financial Officer (CFO), said: 'Despite significant investments and acquisitions, PureHealth has maintained a strong financial position. The Company's net leverage, including leases, stands at 0.9 times EBITDA, well below the upper limit of 3.0x required to maintain an investment-grade credit profile. This prudent approach to financial management ensures flexibility to pursue further growth opportunities while maintaining financial stability.'PureHealth's share price and market capitalisation demonstrated robust performance throughout 2024, building on the momentum from its successful IPO. The Company's market value continued to grow as investors recognised its strong financial results and strategic expansion, the CFO added. PureHealth is committed to fostering a diverse, equitable, and inclusive workplace. The company has over 56,000 employees, representing more than 100 nationalities, with women comprising 60% of the workforce. In the UAE, 21% of the workforce are UAE Nationals, and 16% are females. The company's focus remains on sustaining digital transformation, enhancing talent development, deepening culture transformation, and strategic workforce is committed to maintaining high standards of transparency, communication, and corporate governance. The company has established an Investor Relations Department to ensure timely and accurate communication with the market, stakeholders, and investors, in full compliance with applicable capital market main shareholders of PureHealth include Q Health LLC, which holds the largest stake at 40.51%, followed by Alpha Dhabi Health Holding LLC with 24.93%. IHC Healthcare LLC and AH Capital (FZE) are also key players. Collectively, these top four shareholders control a substantial 77.65% of Pure Health. Shareholder base is primarily institutional, with companies holding a significant 97.29% of the shares, while individual shareholders constitute a small 2.71%. Pure Health Holding has been listed on the Abu Dhabi Securities Exchange (ADX) since 2023. The integrated report also dealt with various sustainability initiatives of the healthcare group. It said PureHealth's 2024 Sustainability Report, which will be launched in H1 2025, will communicate full and detailed sustainability performance.
