TNPL Q4 net profit down at Rs.21.72 crores, recommends 25% final dividend

Tamil Nadu Newsprint & Papers Ltd (TNPL) has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 217.20 million for the quarter ended March 31, 2007 as compared to Rs 346.00 million for the quarter ended March 31, 2006. Total Income has increased from Rs 2210.70 million for the quarter ended March 31, 2006 to Rs 2334.00 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 860.60 million for the year ended March 31, 2007 as compared to Rs 805.50 million for the year ended March 31, 2006. Total Income has increased from Rs 8014.10 million for the year ended March 31, 2006 to Rs 8804.00 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on June 02, 2007, inter alia, has recommended the final dividend of 25% for the financial year 2006-07. Alongwith Interim Dividend of 15% already paid the total dividend for the year is 40%.

Source : Equity Bulls

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