Business Standard - Mumbai

JK Paper Q3 net profit doubles to Rs700 million

Date: 31/01/2018 | Edition: Mumbai | Page: 2 | Source: PTI | Clip size (cm): W: 4 H: 11

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Extracted Text data: JK Paper Q3 net profit doubles to f700 million AK Paper on Tuesday reported almosttwofold jump in standalone net profitto T698 million forthe third quarter ended December31, led by volume growth and operational efficiencies. The company had posted a net profit off358 million in the October-Decem-ber quarter lastyear,_11( Paper said. The total income during the quarter under review stood atT7.96 billion, as against 6.77 billion in the year-ago period. JIC PaperVice Chairman & MD H P Singhania said, "Higher volu-me, better product mix, oper-ating efficiencies, lowerfinance costs from better working capital management and continuous deleveraging have all contributed to the improved performance quarter-on-quarter." PTIl