JK Paper Q3 loss at Rs 10.30 crore

JK Paper has narrowed its loss to Rs 10.30 crore in the October-December quarter of this fiscal from Rs 18.88 crore reported in the same period last fiscal.
Net sales of the company, however, increased 16.80 per cent to Rs 544.73 crore in the quarter under review, from Rs 466.36 crore in the year-ago period, JK Paper said in a statement.
The company posted a profit before tax of Rs 1.10 crore during the quarter under review as against a loss of Rs 58.26 crore in the third quarter of 2013-14.
Shares of the company today closed at Rs 34.55 on the BSE, down 0.14 per cent from previous close.