*JK Papers*, a pioneer of marketing and manufacturing of paper disclosed
a sharp drop in standalone net profit for the quarter ended December 2008.
During the quarter, the profit of the company declined 54.98% to Rs 35.70
million from Rs 79.30 million in the same quarter last year.

Net sales for the quarter rose 29.68% to Rs 2,676.70 million, while total
income for the quarter rose 28.09% to Rs 2,676.70 million, when compared
with the prior year period.

The company posted earnings of Rs 0.46 a share during the quarter,
registering 54.46% decline over previous year period.

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