Uflex launches reflective colour communications system

Uflex has launched reflective colour communications system for the converting industry. The company’s newly launched technology has benefits such as reduction of laminate costs for end customer, reduced Ink GSM, cost effectiveness and flexibility with no additional capital expenditure.

The company is confident about its new technology which is a real shot in the arm for the convertors and helps them add value for their clients by enhancing the aesthetics of their packaging without using prohibitive metallic inks or metallic laminates for that matter. Further, it is getting many enquiries for the special printing cylinder.

On the financial front, Uflex’s revenue increased 1.57 per cent to Rs 1535 crore in Q2FY17 as compared to the same period in previous financial year. The company’s operating profit too rose 8.12 per cent to Rs 227 crore in Q2FY17 on a yearly basis. Its net profit also rose 17.05 per cent to Rs 90.35 crore in Q2FY17 as compared to the same period in the previous fiscal.

The share price of Uflex dropped 1.06 per cent on the bourses and closed at Rs 271.5.