Date:27/09/2006 URL: http://www.thehindubusinessline.com/2006/09/27/stories/2006092703380200.htm

Back JK Paper declares 20 pc dividend

Our Bureau

New Delhi, Sept. 26

JK Paper Ltd, on Tuesday, declared a dividend of Rs 2 on a share of Rs 10 each for the year ended June 30, pushing up the total dividend to Rs 3.4 for the year. The 20 per cent dividend is in addition to the 14 per cent interim dividend declared in March this year, JK Paper said in a statement. The company would pay a total dividend of Rs 14.14 crore for the previous fiscal, an increase of over 100 per cent as compared to Rs 5.91 crore in 2004-05, the release said.

"The current year has started on a robust note. The demand for paper in all the segments, in which the company operates, is strong,'' the JK Paper Managing Director, Mr Harsh Pati Singhania, said.

The company plans to increase prices of its Copier brands by Rs 1,000 per tonne from October 1 this year, the release added.