APPM Q1 up

Hyderabad, July 28 (UNI)The Andhra Pradesh Paper Mills Limited (APPM) today announced its Q1 results for 2006-07 with a profit after tax at Rs 7.54 crore.

In a statement here, APPM Executive Director R C Mall said the profit before interest, depreciatiion and tax (PBIDT) had gone up to Rs 20.09 crore, an increase of 25 per cent compared to the corresponding quarter of the previous year ( Rs 16.05 crore).

The fibre line, part of Mill Development Plan to increase the pulping capacity from 270 TPD to 550 TPD, was expected be commissioned during the second quarter, he added.

UNI BR GM 1817