Paper maker JK Paper today reported an over three-fold increase in net profit at Rs 56.32 crore for the fourth quarter ended March 31, 2017 on back of highest sales. The company had posted a net profit of Rs 14.89 crore in the corresponding quarter of last year, JK Paper said in a statement. Total income during the quarter under review stood at Rs 743.44 crore as against Rs 686.96 crore during the January- March quarter of last fiscal, up 8.22 per cent. Commenting on the results, JK Paper Vice Chairman and Managing Director Harsh Pati Singhania said: "Increased volumes, better sales realisation and improved operating parameters have resulted in better performance throughout the year. For the entire fiscal, JK Paper reported a net profit of Rs 171.82 crore as compared to Rs 55.93 crore in the 2015-16 fiscal.

Source: dna May 16, 2017 13:07 UTC