Piramal Glass Ceylon Plc reported a turnaround in the second quarter of the Financial Year 2010.

Revenues grew by 28% to Rs 952 million, while the Operating Profits were up by 32% to Rs 302 million.

The Company also reported a Net profit of Rs 1.0 million after 6 consecutive quarters of Net Losses.

"Piramal Glass Ceylon Plc (PGC), a manufacturer of flaconnage (glass containers) for food and beverages, cosmetics, perfumery, as well as pharmaceuticals, have reported a turnaround in their second quarter results for the financial year 2010" said the CEO and Executive Director of PGC, Sanjay Tiwari.

According to Tiwari, net sales for the quarter ending 30th September,2009 grew by 28% to Rs 952 million. "Our Operating profits grew by 32% to Rs 302 million, while the Net profit for the period was Rs 1 million as compared to a loss of Rs 33 million for the same period last year".