Brief: Nine Dragons Paper (Holdings) Posts HY Profit Attributable Of About RMB2,278.7 Mln

Nine Dragons Paper (Holdings)

24/02/2020 09:51

Feb 24 (Reuters) - Nine Dragons Paper (Holdings) Ltd
 2689.HK :
    * HY  REVENUE DECREASED BY 5.0% TO ABOUT RMB28,835.7 MILLION
    * HY PROFIT ATTRIBUTABLE ABOUT RMB2,278.7 MILLION
    * DECLARES INTERIM DIVIDEND PER SHARE OF RMB10.0 CENTS
    * NINE DRAGONS PAPER (HOLDINGS) PLANS TO INCREASE PRODUCTION
CAPACITY FOR PACKAGING PAPER IN HEBEI BY 0.50 MILLION TPA IN Q1
    * NINE DRAGONS PAPER (HOLDINGS) PLANS TO INCREASE PRODUCTION
CAPACITY FOR PACKAGING PAPER IN DONGGUAN BY 0.60 MILLION TPA IN
Q1
    * PLANS TO INCREASE PRODUCTION CAPACITY FOR PACKAGING PAPER
IN
MALAYSIA BY 0.55 MILLION TPA BY END OF 2021
    * HY PROFIT ATTRIBUTABLE RMB2.28 BILLION VERSUS RMB2.27
BILLION
    * ON COMPLETION OF EXPANSION PROJECTS, TOTAL DESIGN CAPACITY
FOR
PAPER PRODUCTION EXPECTED TO RISE TO 18.10 MILLION TPA

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7s0LYh
Further company coverage:  2689.HK 

 (Reuters.Briefs@thomsonreuters.com)