Orient Paper & Industries has reported results for its first quarter ended June 30, 2011.
The company has posted 73.4% increase in net profit to Rs 59.37 crore for the quarter ended June 30, 2011 against Rs 34.24 crore in the same quarter last year. During the quarter under review, the company registered 21.76% increase in its total income at Rs 546.97 crore compared to Rs 449.23 crore posted in the same quarter year-ago.
Recently, Orient Paper and Industries (OPIL) has received its board’s approval for proposal to demerge the cement business of the company into Orient Cement. OPIL shareholders will get 1 new equity share of Orient Cement for each equity share that they hold in the company, in addition to their existing OPIL shares.
Company Name | CMP |
---|---|
JK Paper | 374.00 |
TN Newsprints | 268.05 |
West Coast Paper | 627.15 |
Emami Paper Mills | 118.75 |
Andhra Paper | 499.75 |
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