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Rainbow Papers Ltd, manufacturer of recycled paper and its products, reported a 10% increase in sales and 1% in profit after tax (PAT) in the first quarter of 2011-12, ended June 30, compared to the corresponding quarter in the previous fiscal year.
While the sales were Rs 109 crore (Rs 99.4 crore), PAT stood at Rs 9.7 crore (Rs 9.6 crore), said, Mr Ajay Goenka, Chairman and Managing Director, in a statement here.
On Tuesday, Rainbow’s share price at the BSE closed 2.14% down at Rs 57.25.
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