Nine Dragons Paper announces record profit

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Chinese containerboard manufacturer Nine Dragons Paper has revealed record profits and sales for the six months up to end of December 2017.

The group, which is supplied with material by ACN Europe from the UK, announced its profit was up 117.3% to RMB 4,350 million (£495 million) on the same period in 2016.

Year-on-year sales were up 34.1% to RMB 25,649 (£2.9 billion).

The company also said that three new paper machines will begin production before the end of 2018, with three more coming on-stream during 2019.

In its financial statement, the . . .

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