The West Coast Paper Mills Ltd reported a 64 per cent rise in net profit to Rs 91 crore for the year ending March 31, 2011, from the Rs 55-crore that it had reported during the corresponding period last fiscal. During the year, net sales went up by over 70 per cent to Rs 1,065 crore (Rs 624 crore).
The board of directors has proposed a dividend of Rs 2 an equity share. The shares of West Coast Paper Mills on Friday closed at Rs 86, down by nearly one per cent, on the BSE.