Plastics manufacturer IPL said earnings in the first quarter rose 10 per cent to $19.1 million (€17.7 million) despite a dip in revenue. The company said the increase was down to improved margins across its business and, despite the impact of the coronavirus shutdowns, prospects for the business were positive. The returnable packaging solutions division also saw a decline from $16.6 million to $15.7 million. That was partially offset by a rise in revenue in the consumer packaging solutions division, which increased from $45.3 million to $58.3 million. “Like most other businesses, Covid-19 has forced IPL to face unprecedented challenges,” said chief executive Alan Walsh.

Source: The Irish Times May 14, 2020 11:53 UTC