Cosmo Films declares 100% interim dividend

Chandigarh, March 15, 2016 – Cosmo Films, a leading global speciality BOPP manufacturer has announced an interim dividend of 100 percent for the financial year 2015-2016. The interim dividend of Rs. 10 per equity share of Rs. 10 each was approved and declared by the Board of Directors of the company at its meeting held on March 14, 2016. For FY 14-15, company had declared a dividend of 35 percent.
Further the company has fixed 22nd March, 2016 as the record date for the purpose of determining entitlement of shareholders to the interim dividend for FY 15-16 which would be paid on or before 31st March, 2016.
“The decision to declare a dividend of 100 percent was taken at the backdrop of marked improved financial performance during the current financial year”, said Mr.Neeraj Jain, Chief Financial Officer, Cosmo Films Ltd.For nine months till December 2015,company’s PAT jumpedmore than 3 times to Rs.79crore.
ABOUT COSMO FILMS LIMITED
Established in 1981, Cosmo Films Limited today is one of the global leaders and manufacturers of Biaxially Oriented Polypropylene (BOPP) films used for packaging, labels and lamination applications. The company is the largest exporter of BOPP films from India and is also the largest producer of thermal laminating films in the world with plant cum distribution centres in the U.S, Korea & Japan and global channel partners in more than fifty countries.