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International Paper APPM Ltd has more than doubled its net profit to Rs 6.79 core for the quarter ended March 31, 2015, as against a profit of Rs 3.19 crore for the corresponding quarter last year.
The paper company total income for the March quarter was up at Rs 297.28 crore as against Rs 288.13 crore for the corresponding quarter last year.
For the year ended March 31, 2015, the company brought down its losses significantly to Rs 0.24 crore and the total income was up at Rs 1144.17 crore as against a loss of Rs 41.61 crore and a turnover of Rs 1097.48 crore for the pervious fiscal.
In a regulatory filing made with BSE, the company has informed that Jayashree Satagopan has resigned as the Non-Executive Director of the Company effective April 24, 2015 and Ann Barbara Wrobleski has been appointed as Non-Executive Director of the Company.
The company shares closed at Rs 290.15, down one per cent at BSE today.
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