JK Paper’s Q1 net profit declines 17%

JK Paper has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 declined 16.66% at Rs 24.26 crore as compared to Rs 29.11 crore for the corresponding quarter last year. Its net sales has decreased by 12.47% at Rs 380.30 crore for the quarter under review from Rs 338.13 crore for the same quarter last year.

JK Paper is India’s largest producer of branded paper and is a leading player in the printing and writing segment. It is also engaged in outsourcing activity wherein it contracts the capacities of other mills in India and abroad to manufacture various grades of paper, maintaining the same quality and service assurance.