Richards Packaging Income Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 03:27 am IST
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Richards Packaging Income Fund reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 119.74 million compared to CAD 113.03 million a year ago. Net income was CAD 11.46 million compared to CAD 1.66 million a year ago.
For the six months, sales was CAD 229.72 million compared to CAD 222.9 million a year ago. Net income was CAD 24.63 million compared to CAD 15.76 million a year ago.
Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions in both glass and plastic containers and closures for a variety of markets. It is engaged in the distribution of approximately 8,000 different types of packaging components and healthcare products that are sourced from over 900 suppliers and three manufacturing facilities. It sources products from glass and plastic companies both in raw materials and in finished goods. Richards Packaging services include global sourcing, inventory management, manufacturing, and packaging 101.
RICHARDS PACKAGING INCOME FUND 
