Rama Pulp & Papers announced a drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 55.35% to Rs 5.60 million from Rs 12.54 million in the same quarter last year.
Net sales for the quarter rose 27.48% to Rs 222.01 million, compared with Rs 174 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.51, registering 55.26% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 222.01 | 174.15 | 27.48 |
| Net Profit | 5.60 | 12.54 | (55.35) |
| Basic EPS | 0.51 | 1.14 | (55.26) |
Shares of the company gained Rs 0.1, or 1.34%, to settle at Rs 7.55. The total volume of shares traded was 1,012 at the BSE (Friday).
