08:01 AM EDT, 05/14/2024 (MT Newswires) -- KP Tissue ( KPTSF ) and Kruger Products swung to profit in the first quarter.

Kruger Products reported net income of $9 million, compared with a loss of $49.3 million last year. Revenue rose 6.3% to $479.4 million, from $451 million.

KP Tissue ( KPTSF ), which owns 13% of Kruger Products, reported first quarter net income of $1.1 million, or $0.11 per share, compared with a loss of $10.7 million, or $1.07 per share, last year.

The KP Tissue ( KPTSF ) board declared a quarterly dividend of $0.18 per share to be paid on July 15.