A: We are looking at the possibilities of listing the subsidiary. Maybe we will be deciding about it in a year's time.
Q: Give us an idea of how this year might do in terms of margins and how it will compare with last year. What kind of margins are you expecting?
A: We did an average margin of about 26% last year. So in the first two quarters we have done a margin of about 25%. I think this year, the last quarter you will see some improvements in the margins because of paper prices going up. So I think if you compare it with the last year we probably be 0.5% higher on the margins on an average.
Q: Any timeline for the BPH IPO?
A: We will be targeting it to be done in the next 12 months, that is our target.
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