Business Standard - Chennai

JK Paper Q4 net profit jumps 3-fold at 56.32 cr

Date: 17/05/2017 | Edition: Chennai | Page: 2 | Source: PTI | Clip size (cm): W: 4 H: 11

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Extracted Text data: JK Paper Q4 net profit jumps 3-fold at 156.32 cr Paper maker1K Paper on Tuesday reported an over three-fold increase in net profit at Rs 56.32 crore for the fourth quarter ended March 31, 2017 on back of highest sales. The company had posted a net profit of Rs14.8 9 crore in the corresponding quarter of last year, JK Paper said. Total income during the quarter under review stood at Rs 743.44 crore as against Rs 686.96 crore during the January- March quarter of last fiscal, up 8.22 percent. Commenting on the results, JK Paper Vice Chairman and Managing Director Harsh Pati Singhania said: "Increased volumes, better sales realisation and improved operating parameters have resulted in better performance throughout the year. PT1•