Metal Price
Scrap Monster
Paper Recycling March 04, 2021 03:35:05 PM

Nine Dragons Paper Announced Interim Results for H1 FY21

Paul Ploumis
ScrapMonster Author
The cash flow continued to remain at considerably healthy levels, said the company press release.

Nine Dragons Paper Announced Interim Results for H1 FY21

SEATTLE (Scrap Monster): Hong Kong-based Nine Dragons Paper (Holdings) Ltd. announced unaudited interim results for the first six months of its 2021 fiscal year, ended on 31st December, 2020.

The revenue surged higher by 7.1% over the previous year to hit historic highs of RMB30.9 billion. The sales volume too hit new record of 8.6 million metric tons per year. The net profit posted year-on-year increase of 75.6% to RMB4 billion. The gross profit margin increased by 3.8% to 20.9%. The cash flow continued to remain at considerably healthy levels, said the company press release.

ALSO READ:

ND Paper to Expand Pulp and Paper Production Capacity

Global Corrugated Packaging Market Forecast to Grow at 3.7% CAGR

As of end-December 2020, the total design production capacity for pulp stood at 0.85 million metric tons per year. Also, the total design production capacity for paper was 17.57 million metric tons per year.

Commenting on future plans, Nine Dragons plans to boost wood pulp production capacity by 3.12 million metric tons per year in China by the end of 2022. Also, production capacity of recycled pulp will be increased by 0.6 million metric tons per year by end-2023. Over the next two years, the production capacity of paper in China and Malaysia will be increased by 5.35 million metric tons per year and 0.9 million metric tons per year.

SM Newsletter
Subscribe to SM mailing list and get updates to your inbox
Facebook Twitter Linkedin Instagram