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Our Bureau

Mumbai , Aug 4

PAPER Products Ltd (PPL) has achieved sales of Rs 214 crore during the first half of 2005 representing a growth of 6.9 per cent, compared with Rs 200 crore in the corresponding period of 2004.

The profit before tax was Rs 17.16 crore (Rs 19.89 crore).

The company achieved sales of Rs 112.53 crore during the second quarter, representing a growth of 9.2 per cent, over sales of Rs 103.07 crore in the corresponding second quarter of 2004. The profit before tax was Rs 8.87 crore (Rs 10.55 crore).

Due to heavy rains in Thane and Mumbai last week the operations of Thane plant have been affected. Whilst the situation is being assessed, all steps are being taken to return to normalcy. The plants at Silvassa, Hyderabad and Nagpur are unaffected and fully operational.

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