Brief: Lee & Man Paper Manufacturing posts FY net profit HK$2.33 billion

Lee & Man Paper Manufacturing

01/03/2016 04:14

Feb 29 (Reuters) - Lee & Man Paper Manufacturing Ltd  2314.HK : 
 * FY net profit hk$2.33 billion versus hk$1.90 billion last year 
 * Says final dividend of hk$0.095 per share in respect of the year ended 31 
December 2015 
 * FY revenue for the year of hk$17.62 billion versus hk$17.1 billion 
 * Group is planning increasing its production capacity by 220,000 tons by the 
fourth quarter in 2016" 
 * Expects that the profit contribution from the tissue paper business will 
increase" 
 * Group will expand into overseas packaging paper markets and invest in the 
construction of overseas paper factories 
 * Expected that the paper machine project in hau giang will begin operations in 
the second half of 2016 
 * Says group is optimistic about the outlook of the paper industry 
 
 * Source text for Eikon  ID:nHKS1dfn4K  
 
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