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Nine Dragons Paper Holdings ( (HK:2689) ) just unveiled an announcement.
Nine Dragons Paper Holdings has announced a positive profit alert for the six months ending December 2024, projecting a significant profit increase ranging from 110% to 130%, compared to the same period in 2023. This robust growth is attributed to increased sales volume and a reduction in raw material costs, outweighing a decrease in product selling prices, thereby enhancing gross profit. The issuance of USD400 million in perpetual capital securities in June 2024 contributed RMB199.5 million to the profit, leading to an expected 40% to 65% increase in profits attributable to equity holders.
More about Nine Dragons Paper Holdings
Nine Dragons Paper Holdings Limited is a prominent company in the manufacturing industry, primarily focusing on the production and sale of paper products. The company operates globally with a significant market presence in the paper and packaging sector.
YTD Price Performance: 12.22%
Average Trading Volume: 54,422
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.9B
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