Cosmo Films board to mull bonus issue

The board will consider issuing bonus shares on 9 May 2022.

In the same meeting, the board will also consider the audited financial results for the quarter and year ended 31 March 2022.

Cosmo Films is a global leader in specialty films for packaging, lamination, labeling and synthetic paper. The company is strategically expanding beyond films into specialty chemicals & polymers as well as pet care business.

The company reported a 65% jump in consolidated net profit to Rs 104.42 crore on a 35% increase in revenue from operations to Rs 771 crore in Q3 FY22 over Q3 FY21.

Shares of Cosmo Films were down 2.27% to Rs 1853.95 on Monday. The domestic stock market was closed on Tuesday, 3 May 2022, on account of Id-Ul-Fitr (Ramzan Id).

 

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