C&D Newin Foresees Major Loss Reduction

C&D Newin Paper & Pulp Corporation Limited (HK:0731) has released an update.

C&D Newin Paper & Pulp Corporation Limited anticipates a significant reduction in its consolidated net loss, from HK$103.6 million in the prior six-month period to a projected HK$30-40 million for the same period in the following year. The improvement is attributed to increased revenue from higher sales volume, reduced production costs leading to gross profit, and government tax subsidies. While these preliminary figures are unaudited, the official interim results will be released on August 23, 2024.

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