The Hindu Business Line : West Coast Paper to pay 150 pc

THE board of West Coast Paper Mills Ltd has recommended a dividend of Rs 10 per share plus a special dividend of Rs 5 in commemoration of the company's golden jubilee year, thereby making a total dividend of 150 per cent for the year under review.

The S.K. Bangur Group company has posted a turnover of Rs 531 crore on a production of 1,73,000 tonnes against a turnover of about Rs. 492 crore and a production of 1,63,714 tonnes in the previous year.

The gross profit declined by 7 per cent compared with last year due to steep increase in the cost of raw materials. However, net profit was higher at Rs 30.66 crore against Rs 28.44 crore due to lower provision of deferred tax.

Rama Newsprint: Rama Newsprint and Papers Ltd, which belongs to the same group, has achieved production of 1,18,092 tonnes of newsprint as against 1,03,380 tonnes in the corresponding 12 months of the previous year. Net sales for the 12 months ended March 2005 was Rs 278 crore and it earned a net profit of about Rs 21 crore.

Operations for the last quarter were affected due to one turbine and one boiler being shut in March and January, respectively for maintenance.

RNPL's sales during the year was 1,18,828 tonnes compared with 1,08,471 tonnes in the previous year.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Nirma Q4 net up 116 per cent

DCW posts 11 pc growth in sales

West Coast Paper to pay 150 pc