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JK Paper recommends 15 % dividend

CHENNAI: JK Paper has recommended a dividend of 15 per cent (annualised 20 per cent) for the nine months ended March 31, 2008. The dividend payment in the 12 months ended June 30, 2007 was 22.5 per cent. Net sales were Rs. 606.72 crore in the nine months under reference against Rs. 759.48 crore in the 12 months ended June 30, 2007. The net profit was Rs. 34.71 crore against Rs. 46.10 crore. — Corporate Reporter

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