The Paper Products Limited. reported unaudited earnings results for the fourth quarter and audited earnings results for the year ended December 31, 2011. For the year, the company reported net profit of INR 99.0 million or INR 1.58 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 2,089.5 million compared to net profit of INR 136.8 million or INR 1.88 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 1,916.5 million for the corresponding period of last year. Profit from operations before other income, financial expenses and exceptional items for the period was INR 101.3 million against INR 152.3 million a year ago. For the year, the company reported net profit of INR 525.9 million or INR 7.92 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 8,056.0 million compared to net profit of INR 481.2 million or INR 5.60 basic and diluted earnings per share excluding extra ordinary items (not annualized) on total income of INR 7,105.4 million for the last year. Profit from operations before other income, financial expenses and exceptional items for the period was INR 576.7 million against INR 450.7 million a year ago. The board of directors has recommended a dividend of INR 2.40 per share subject to the approval from the share holders at the forth coming AGM. The dividend if approved by the Shareholders at the forthcoming Annual General Meeting shall be paid /dispatched on May 15, 2012.