The Hindu Business Line : JK Paper Q3 PAT up 37%

New Delhi April 23 JK Paper Ltd on Monday reported 37 per cent increase in its profit after tax to Rs 11.86 crore for the third quarter ended March 31, 2007, from Rs 8.65 crore in the corresponding quarter last fiscal.

The company's net income rose to Rs 230.02 crore from Rs 213.26 crore, reporting about 8 per cent growth.

"The improved performance was due to significant growth in the branded copier and coated paper segments. The company's sale of coated paper has increased by 79 per cent over the corresponding period last year," said Mr Harsh Pati Singhania, Managing Director.

He said that the increase in the sale of coated paper enabled the company to use its capacities fully.

JK Paper is about to start trial for production at its Central Pulp Mill unit for manufacturing 60,000 tonnes per annum of multi-layered packaging board.

The company has a 40 per cent market share of the copier market and the growth in the domestic market in this segment has been at 27 per cent.

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