Business Standard - Delhi

JK Paper Q3 net profit doubles to Rs,700 million

Date: 31/01/2018 | Edition: Delhi | Page: 2 | Source: PTI | Clip size (cm): W: 5 H: 11

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Extracted Text data: .11( JK Paperon Tuesday reported al mosttwofold jump in standalone net profittot698 millionforthethird quarter ended December31, led by volu me growth and operational efficiencies. The company had posted a net profit oft358 million in the October-Decem-ber qua rter lastyear,JK Pa per said.Thetotal incomeduring thequarterunder reviewstood att7.96 billion, as against f6.77 billion intheyear-ago period. JK PaperViceChairman & MD H P Singhania said, "Highervolu-me, better productmix, oper-atingefficiencies, lowerfinance costfrom betterworking capital management and continuous deleveragi ng have all contributedtothe improved performance quarter-on-quarter." Pfli