The Hindu Business Line : Micro Inks posts Rs 18-cr net

MUMBAI: Micro Inks Ltd has reported a net profit of Rs 18.4 crore for the quarter ended December 2004 against Rs 12.7 crore in the year-ago period.

Revenues increased by 15 per cent to Rs 233.9 crore for the corresponding period.

The company said it has entered a fresh agreement renewing its long-term supply agreement with world's largest printers R.R. Donnelley & Sons Co in the US. The new contract for three years effective from April 1, 2005, involving additional volumes and new locations, at lower than earlier prices amidst highly competitive pricing, is estimated to be in the range of $22 million (about Rs 94 crore) to $25 million (about Rs 107 crore) per annum.

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