Net profit of International Paper APPM rose 110.08% to Rs 32.73 crore in the quarter ended March 2018 as against Rs 15.58 crore during the previous quarter ended March 2017. Sales rose 5.09% to Rs 339.73 crore in the quarter ended March 2018 as against Rs 323.26 crore during the previous quarter ended March 2017.

For the full year,net profit rose 156.39% to Rs 83.07 crore in the year ended March 2018 as against Rs 32.40 crore during the previous year ended March 2017. Sales rose 7.82% to Rs 1264.01 crore in the year ended March 2018 as against Rs 1172.36 crore during the previous year ended March 2017.

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International Paper APPM announced that there would be Annual Outage (maintenance) from 16 April 2018 to 28 April 2018 in the manufacturing facility located in Kadiyam, East Godavari District, Andhra Pradesh. The estimated loss of production would be around 2000 Mts.

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International Paper APPM will hold a meeting of the Board of Directors of the Company on 2 May 2018, for considering Audited Financial Results for the year ended March 31, 2018

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International Paper APPM announced the appointment of Megan Ann Fitzpatrick Bula as Non Executive Director effective 31 January 2018 and resignation of Sheila P. Vinczeller effective 02 February 2018.

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