Financial Daily from THE HINDU group of publications
Saturday, Oct 16, 2004
Financial Daily from THE HINDU group of publications Saturday, Oct 16, 2004 |
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Corporate Results
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Paper, Board & Newsprint TNPL second-quarter sales up, net down Our Bureau
Chennai , Oct. 15 TAMIL Nadu Newsprint and Papers Ltd (TNPL) has reported a net profit of Rs 9.15 crore on net sales of Rs 180.06 crore for the second quarter ended September. During the corresponding previous period, the company reported a net profit of Rs 13.61 crore on net sales turnover of Rs 129.62 crore. There has been an increase in interest and finance charges to Rs 8.47 crore (Rs 4.29 crore). This is due to the impact of foreign exchange fluctuations amounting to Rs 4.45 crore, which has been accounted as finance and interest charges, on transactions during the quarter.
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