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Corporate Results
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Paper, Board & Newsprint
JK Paper Q2 net profit declines
New Delhi, Jan. 28
JK Paper Ltd's net profit declined to Rs 7.93 crore for
the second quarter ended December 31 against Rs 12.18
crore in the corresponding period last year. The gross
sales stood at Rs 255.11 crore against Rs 245.71 crore
registering an increase of 3.7 per cent. On the
performance, Mr Harsh Pati Singhania, Managing
Director of JK Paper Ltd, said, "The market for copier
and office papers remains buoyant. However, prices and
consequently margins of coated paper continue to face
pressure due to steep appreciation of rupee against dollar
and cheaper imports. Of late, however, there has been
some increase in international coated paper prices. On
the packaging board front, we hope to ramp up volumes
in the forthcoming quarters." - Our Bureau
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