Ruchira Papers announced that the 40th Annual General Meeting (AGM) of the company will be held on 25 September 2020.

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Net loss of Ruchira Papers reported to Rs 4.53 crore in the quarter ended June 2020 as against net profit of Rs 9.12 crore during the previous quarter ended June 2019. Sales declined 55.50% to Rs 58.13 crore in the quarter ended June 2020 as against Rs 130.64 crore during the previous quarter ended June 2019.

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Ruchira Papers will hold a meeting of the Board of Directors of the Company on 25 August 2020.

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Net profit of Ruchira Papers declined 93.96% to Rs 0.62 crore in the quarter ended March 2020 as against Rs 10.26 crore during the previous quarter ended March 2019. Sales declined 16.47% to Rs 107.45 crore in the quarter ended March 2020 as against Rs 128.64 crore during the previous quarter ended March 2019.

For the full year,net profit declined 31.98% to Rs 27.37 crore in the year ended March 2020 as against Rs 40.24 crore during the previous year ended March 2019. Sales declined 2.63% to Rs 481.01 crore in the year ended March 2020 as against Rs 493.99 crore during the previous year ended March 2019.

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