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International Paper APPM Ltd has posted a net profit of ₹23.85 crore for the first quarter ended June 30, 2017, against a profit of ₹15.67 crore for the corresponding quarter last year.
International Paper APPM Limited has posted a net profit of Rs 23.85 crore for the first quarter ended June 30, 2017 as against a profit of Rs 15.67 crore for the corresponding quarter last year.
Key benchmark indices hit fresh intraday low in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, fell 24.96 points or 0.08% at 32,220.91. The Nifty 50 index fell 12.45 points or 0.12% at 9,953.95. The Nifty was currently trading below the historic 10,000 mark after crossing that mark in early trade. Earlier, both the Sensex, and the Nifty, had hit record high in early trade. The market sentiment was dull amid lackluster trading on Asian bourses and subdued closing on Wall Street overnight.
Paper manufacturers are burdened with a huge stock build-up as the trade is yet to settle down to normal a fortnight after the shift to GST.
Over a dozen companies will announce their Q4 and full-year results on Tuesday. These include Wipro, IDFC Bank, LIC Housing Finance, ICICI Prudential Life Insurance Company, Indian Bank, M&M Financial Services, Nucleus Software, CanFin Homes, Kewal Kiran Clothing, International Paper APPM, Persistent Systems, Welspun India, Swaraj Engines, Zee Learn, Zensar Technologies, Andaman Rubber Company and Rajasthan Petro Synthetics.
International Paper Co (IP) announced on Wednesday that Mr. Rampraveen Swaminathan, President - International Paper India and Chairman & Managing Director of International Paper APPM Limited has decided to leave the Company to pursue his professional interests outside International Paper.
Rampraveen Swaminathan has decided to quit as the Chairman and Managing Director of International Paper APPM Ltd.
International Paper APPM Ltd has informed BSE that the Board of Directors of the company at the Meeting held on January 18 appointed William Michael Amick Jr. as Non-Executive Director.