Brief: Lee & Man Paper Manufacturing Posts FY Net Profit Of HK$5.04 Bln

Lee & Man Paper Manufacturing

28/02/2018 04:09

Feb 28 (Reuters) - Lee & Man Paper Manufacturing Ltd 
 2314.HK : 
    * FY NET PROFIT HK$5,040 MILLION VERSUS HK$2,863 MILLION 
    * REVENUE FOR YEAR OF HK$25,837 MILLION VERSUS HK$18,342 
MILLION 
    * FINAL DIVIDEND OF HK20.0 CENTS PER SHARE. 
    * DESPITE SLOWDOWN IN ECONOMIC GROWTH IN CHINA, LOCAL 
DEMAND FOR 
PACKAGING PAPER IS EXPECTED TO GROW STEADILY IN LONG RUN 
    * "GROUP IS OPTIMISTIC ABOUT OUTLOOK OF BOTH PACKAGING PAPER 
SEGMENT AND PAPER INDUSTRY AS A WHOLE" 
    * "TISSUE PAPER BUSINESS IS EXPECTED TO CONTRIBUTE 
CONSIDERABLE 
PROFIT TO GROUP IN THE FUTURE" 
 
Source text for Eikon:  ID:nHKS2Xm6S2  
Further company coverage:  2314.HK  
 
 ((Reuters.Briefs@thomsonreuters.com;))