The Canadian listed plastic packaging and container company IPL Plastics reported profits (EBITDA) up 25% to CAD$28.5m (€19.2m) driven by lower resin costs, operational improvements and efficiencies and acquisitions.

The first month’s profits (EBITDA) increased 14.9% to CAD$45.8m (€30.9m). Margins increased from 12.8% in the second quarter last year to 16.9% this year. Sales for the quarter fell 5.4% to CAD$168.6m (€113.8m) driven by the impact of a strengthening US dollar and “a reduction in sales volumes”.