DNA(DNA Money) - Jaipur

JK Paper net jumps threefold to rs 56.32 crore

Date: 17/05/2017 | Edition: Jaipur | Page: 12 | Source: PTI | Clip size (cm): W: 8 H: 24

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Extracted Text data: JK Paper net jumps threefold to 256.32 crore New Delhi: Paper maker JK Pa-per reported an over threefold in-crease in net profit at Rs 56.32 crore for the fourth quarter ended March 31, 2017, on the back of highest sales. The company had posted a net profit of Rs 14.89 crore in the cor-responding quarter of last year, JK Paper said. Total income during the quar-ter stood at Rs 743.44 crore as against Rs 686.96 crore during the year-ago period, up 8.22%: Commenting on the results, JK Paper vice chairman and manag-ing director Harsh Pati Singhania said, "Increased volumes, better sales realisation and improved operating parameters have result-ed in better performance through-out the year" "The present outlook of Indian Paper Industry remains positive," he added. For the entire fiscal, JK Paper reported a net profit of Rs 171.82 crore as compared to Rs 55.93 crore in the 2015-16 fiscal. The company's Board has rec-ommended a dividend of Rs 1.50 per share for the year ended March 31, 2017. Shares of the company ended 2.47% down at Rs 116.45 on BSE. —PTI