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Tamil Nadu Newsprint exports up

By Our Corporate Reporter

CHENNAI, OCT. 16. Tamil Nadu Newsprint and Papers has earned a net profit before tax of Rs. 15.21 crores in the second quarter ended September 30, 2004 against Rs. 19.32 crores in the corresponding period in the previous year.

The net profit after tax stood at Rs. 9.15 crores against Rs. 13.61 crores. The turnover was Rs. 180.06 crores against Rs. 129.62 crores, a rise of 39 per cent. Exports were up by 157 per cent to 13,734 tonnes against 5,354 tonnes.

In the half year ended September 30, 2004 the net profit after tax was Rs. 10.64 crores against Rs. 28.21 crores. The company is in the process of developing farm forestry and captive plantation for augmenting the pulp wood supplies.

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