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New Delhi, June 26

JK Paper has reported a net profit of Rs 34.71 crore for the nine months ending March 31, 2008. The company, which changed its accounting year from July-June to April-March, has posted a gross sales of Rs 749 crore. This is an increase of Rs 7.1 per cent on an annualised basis. A dividend of 15 per cent (annualised 20 per cent) has been proposed. Mr Harsh Pati Singhania, MD, said “Demand for the company’s products remained strong resulting in highest ever produ ction and sales. Sales of our branded products, including copier paper, increased by 21 per cent in volume terms on an annualised basis.” —

Our Bureau

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