Date:27/10/2005 URL: http://www.thehindubusinessline.com/2005/10/27/stories/2005102702260304.htm

Back Paper Products posts higher turnover

Our Bureau

MUMBAI: Paper Products Ltd (PPL) achieved sales of Rs 317.80 crore for the nine months ended September 30 representing a growth of 9.3 per cent, over sales of Rs 290.88 crore in the corresponding period last year.

The profit before tax was Rs 26.17 crore (Rs 27.15 crore).

The basic and diluted earnings per share for the nine months were Rs 15.28 (Rs 15.15).

On comparison between quarters, the company achieved sales of Rs 104.19 crore during the third quarter representing a growth of 14.5 per cent, over sales of Rs 90.97 crore in the corresponding previous period of 2004.

The profit before tax was Rs 9.01 crore compared to Rs 7.26 crore in Q3 last year.

The share price of PPL was up Rs 20 at Rs 248.50 per share on Wednesday over previous day on the BSE.