United Kingdom

Lee & Man Paper Manufacturing's HY net profit rises 53.4%

Monday, 21 Aug 2017 

Aug 21 (Reuters) - Lee & Man Paper Manufacturing Ltd <2314.HK>:HY net profit increased by 53.4 pct to HK$2.19 billion.Declared interim dividend of HK17.0 cents per share..HY revenue increased by 36.7 pct to HK$11.44 billion.Tissue paper business is therefore expected to contribute considerable profit to group.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. 

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