Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.