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    HomeNewsBusinessStocksAP Paper Mills tanks 13% after disappointing results

    AP Paper Mills tanks 13% after disappointing results

    Andhra Pradesh Paper Mills dropped as much as 12.6% on Monday after disappointing numbers in the first quarter of FY13.

    July 16, 2012 / 13:50 IST
       
       
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      Andhra Pradesh Paper Mills dropped as much as 12.6% on Monday after disappointing numbers in the first quarter of FY13.

      Company posted a loss of Rs 15.81 crore in the quarter ended June 2012 as against profit of Rs 15.72 crore in the previous quarter and Rs 16.31 crore in a year ago period. Net sales declined 37.8% quarter-on-quarter and 5.8% year-on-year to Rs 187.75 crore in the June quarter.

      At 13:36 hours IST, the share was trading at Rs 298.50, down Rs 21.80, or 6.81% with volumes of 2,92,157 equity shares.

      Market capitalisation of the company currently stands at Rs 1,187.14 crore.

      first published: Jul 16, 2012 01:43 pm

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