Nine Dragons Paper reports 70% increase in net profit

Monday, September 27, 2021

Nine Dragons Paper (2689) has reported a net profit of 7.1 billion yuan (HK$8.55 billion) for the year ended June, a 70.4 percent increase year-on-year. 

It reported a final dividend of 33 fens per share, as compared to a basic earning per share of 1.51 yuan.

Revenue posted a year-on-year increase of 19.9 percent to 61.6 billion yuan.

The gross profit margin advanced by 1.4 percentage points to 19.0 percent.