TRIPF posts Rs362m profit turnaround in 1HCY26

Tri-Pack Films Limited (TRIPF) reported a net profit of Rs361.63m for the half year ended June 30, 2026, according to Mettis Global, after a net loss of Rs468.20m in the same period last year. Earnings per share came in at Rs9.32, against a loss per share of Rs12.07 in the corresponding period of 2025. The swing came on the back of stronger revenue and gross margins.

Revenue from customer contracts rose 19.1% to Rs17.28bn, while cost of sales climbed 12.8% to Rs14.19bn. Gross profit consequently widened 60.5% to Rs3.09bn, and operating profit grew 85.6% to Rs1.77bn. Distribution costs and administrative expenses increased 43.7% and 37.1% respectively, while a Rs13.48m reversal of expected credit loss provisions offered further support.

Other income rose to Rs613.70m from Rs172.65m, while net finance costs declined 10.2% to Rs1.26bn. Profit before tax therefore reached Rs847.55m, against a pre-tax loss of Rs287.98m a year earlier. After income tax of Rs485.92m and a levy of Rs227.82m, the bottom line closed at Rs361.63m for the half year.