west coast paper mills ltd (WCPM) Snapshot

The West Coast Paper Mills Limited at its board meeting held on May 29, 2013, have decided to recommend dividend of INR 1.00 per share on the Equity shares of INR 2.00 each for the year ended March 31, 2013.

The West Coast Paper Mills Limited reported audited earnings results for fourth quarter and year ended March 31, 2013. For the quarter, the company’s net sales/income from operations was INR 3,819.802 million compared to INR 3,447.756 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 331.169 million compared to INR 21.103 million a year ago. Profit from ordinary activities before tax was INR 203.982 million compared to loss of INR 300.388 million a year ago. Net profit was INR 119.595 million or INR 1.81 per basic and diluted share after extraordinary items compared to loss of INR 204.268 million or INR 3.26 per basic and diluted share after extraordinary items for the same period a year ago. For the year, the company’s net sales/income from operations was INR 14,506.958 million compared to INR 13,008.294 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 1,325.626 million compared to INR 840.246 million a year ago. Profit from ordinary activities before tax was INR 245.476 million compared to loss of INR 466.967 million a year ago. Net profit was INR 181.129 million or INR 2.77 per basic and diluted share after extraordinary items compared to loss of INR 335.583 million or INR 5.50 per basic and diluted share after extraordinary items for the same period a year ago.

The West Coast Paper Mills Limited announced that they will report fiscal year 2013 results on May 29, 2013