Statesman - Delhi

JK Paper Q3 net doubles to Rs,70 crore

Date: 31/01/2018 | Edition: Delhi | Page: 11 | Source: PTI | Clip size (cm): W: 5 H: 12

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Extracted Text data: NEW DELHI, 30 JANUARY 1K Paper today reported almost two-fold jump in standalone net profit to Rs 69.81 crore for the third Outer ended 31 December, led by volume growth and operational effi-ciencies. The company had posted a net profit of Rs 35.89 crore in October-December quar-ter last year, 1K Paper said in a statement. Total income during the quarter under review stood at Rs 796.76 crore, as against Rs 677.63 crore in the year-ago period. 1K Paper vice-chairman & MD H P Singhania said: "High-er volume, better product mix, operating efficiencies, lower finance costs from bet-ter working capital manage-ment and continuous delever-aging have all contributed to the improved performance quarter-on-quarter." irrr