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Seshasayee Paper profit up

Seshasayee Paper has reported a turnover of Rs. 333.10 crores in the 12 months ended March 31, 2003 against Rs. 311.14 crores in the same period in the previous year. The gross profit, before depreciation and interest charges, has increased to Rs. 65.01 crores from Rs. 41.24 crores.

After providing interest charges of Rs. 26.23 crores, depreciation of Rs. 10.96 crores and taxation of Rs. 10.94 crores, the net profit is higher at Rs. 16.88 crores against Rs. 2.69 crores.

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