The Hindu Business Line : JK Paper proposes 22.5% dividend

Despite a marginal decrease in its net sales, JK Paper on Thursday reported a double digit net profit for the first quarter ended September 2007 over the corresponding quarter in the previous fiscal. "The market for copier and office papers is buoyant due to robust demand. However, prices of coated paper have shown a declining trend due to steep appreciation of rupee against dollar and consequent attractiveness of imports," said Mr Harsh Pati Singhania, Managing Director, JK Paper in a statement. The board proposed a higher dividend at 22.5 per cent on equity shares against 20 per cent last year. - Our Bureau

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