Nine Dragons Forecasts Strong Profit Rebound

Nine Dragons Paper Holdings (HK:2689) has released an update.

Nine Dragons Paper Holdings has issued a positive profit alert, anticipating a profit for the year ended 30 June 2024 between RMB700 million and RMB800 million, a significant turnaround from the previous year’s loss of approximately RMB2,383.4 million. This projected profit is primarily due to increased sales volume and gross profit margin. Investors are cautioned to exercise care when trading company shares as these preliminary results have not yet been audited.

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