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Corporate Results - Paper, Board & Newsprint
TNPL Q2 net up at Rs 23 cr

Our Bureau

Chennai, Oct. 12

Tamil Nadu Newsprint and Papers Ltd has reported a net profit of Rs 23.23 crore on net sales of Rs 235.45 crore for the quarter ended September 30, 2006. During the corresponding period in the previous year the company reported a net profit of Rs 18.1 crore on net sales of Rs 203.09 crore.

The board has recommended an interim dividend of Rs 1.50 (15 per cent) a share of Rs 10. Production during the quarter was 59,644 tonnes (57,179 tonnes), exports 26,153 tonnes (17,804 tonnes) and branded copier sales 19,700 tonnes (19,023 tonnes). On the stock exchange, the company's shares opened at Rs 101 a share and closed at Rs 102.70.

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