JK Paper Q4 net dips 14%, sales up marginally

Our Bureau New Delhi | Updated on April 29, 2011 Published on April 29, 2011

JK Paper Ltd has reported a 14 per cent dip in its net profit at Rs 23.12 crore for the fourth quarter ended March 31, 2011 as against Rs 27.10 crore in the corresponding period a year ago.

The net sales stood at Rs 353.32 crore (Rs 345 crore).

The paper manufacturer declared and paid an interim dividend of Rs.2.25 a share (22.5 per cent) for the year 2010-11.

The board has recommended that this may be treated as final dividend for the year 2010-11.

The gross sales for the year stood at Rs 1,432.97 crore (Rs 1,299.57 crore), up by 10 per cent over previous year. The net profit stood at Rs 106.42 crore (Rs 91.03 crore), up 17 per cent.

Mr Harsh Pati Singhania, Managing Director, JK Paper, said, operating profit (PBIDT) was possible due to better sales realisation and increased capacity utilisation across all the product lines despite increase in all major input costs.

The company has also finalised orders for all major machinery on a fixed price basis for its Rs 1,650-crore expansion project at unit JKPM.

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Published on April 29, 2011
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