• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

New Delhi Jan. 22 JK Paper Ltd, the paper-manufacturing arm of the JK Organisation, on Monday reported an increase of 28 per cent in its net profit for the second quarter ending December 31, 2006, to Rs 12.18 crore from Rs 9.48 crore in the same period last year.

The company's Q2 net sales also went up by 29 per cent to Rs 203.58 crore from Rs 157.82 crore in the corresponding quarter previous year, according to a company release.

The half-year net profit increased by 24.55 per cent for the period ending December 31, 2006, to Rs 21.86 crore from Rs 17.55 crore in the corresponding period last year.

Mr Harsh Pati Singhania, Managing Director, JK Paper Ltd said, "Sales quantities of branded copier paper grew by 39 per cent on a year-on-year basis. High-end coater paper also grew by 62 per cent. Due to these increased volumes, the company has been able to derive better economies of scale and reduce its manufacturing cost on coater paper."

The company also said that it had increased the prices of the various segments of paper it manufactured during the quarter.

More Stories on : Paper | rd & Newsprint

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Nava Bharat Ventures Q3 net profit up at Rs 36.45 cr

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line