Financial Daily from THE HINDU group of publications
Saturday, Oct 18, 2003
Financial Daily from THE HINDU group of publications Saturday, Oct 18, 2003 |
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Corporate
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Financial Performance Corporate Results - Paper, Board & Newsprint TNPL net at Rs 13.6 crore Our Bureau
CHENNAI: TAMIL Nadu Newsprint and Papers Ltd has reported a net profit of Rs 13.61 crore on sales of Rs 129.63 crore for the quarter ended September 30, against a net profit of Rs 15.30 crore on sales of Rs 138.37 crore for the same period last year. Other income for the period was Rs 8.05 crore against Rs 3.80 crore in the second quarter of last year. The loan restructuring, undertaken by the company during 2002-03, helped it to bring down the interest and finance charges during the quarter by Rs 2.48 crore - to Rs 4.29 crore (Rs 6.77 crore). A TNPL press release said that production during the quarter was 45,098 tonnes (newsprint 4,753 tonnes, and printing and writing paper 40,345 tonnes). There was a production loss of 3,932 tonnes during July as the plant was shut down for 12 machine days due to water shortage. For the half year ended September 30, TNPL posted a net profit of Rs 28.21 crore on sales of Rs 260.02 crore (Rs 27.54 crore on sales of Rs 278.83 crore).
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