Andhra Pradesh Paper Mills reports 17% drop in its FY11 net profit

    Andhra Pradesh Paper Mills has reported results for the year ended March 31, 2011.The company has registered a drop of 17.07% in its net profit at Rs 44.94 crore whereas the same was at Rs 54.19 crore for the year ended March 31, 2010. Its total income has increased by 21.22% at Rs 792.64 crore for the year under review whereas the same was at Rs 653.91 crore for the previous year.Andhra Pradesh Paper Mills has recommended a dividend of Re 1 per share of Rs10 each for the year ended March 31, 2011.