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JK Paper to pay Rs 1.10 interim

Our Bureau

Kolkata , March 24

JK Paper Ltd has declared an interim dividend of Rs 1.10 per equity share of Rs 10 each, for its current financial year (June 2003 to July 2004.)

In the six months ended December 2003, the company recorded sales of about Rs 334 crore with operating profit of Rs 71.69 crore and profit after tax of Rs 20.11 crore. The company had paid 15 per cent dividend on its equity shares in the previous fiscal ended June 2003.

The Rs 650-crore JK Paper with two mills owns the largest selling copier paper brand in the country along with other major brands such as JK Easy Copier, JK Bond and JK Maplitho. The company's other brands include JK Excel Bond, JK Evervite and JK Pulp Board.

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