India's JK Paper slumps as Q1 profit halves

JK Paper

25/07/2024 05:20

** Shares of JK Paper  JKPA.NS  down 8.5% at 516 rupees 
    ** Paper manufacturer posted a 54% y/y drop in consol net
profit for June-qtr as expenses rose 25%
    ** JKPA reported fall in profit for the fourth straight
quarter      
    ** Stock sees biggest intraday drop since May 2022 
    ** Still, stock up 28% so far in 2024, after dropping a
marginal 0.5% in 2023

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))