Lee & Man Paper issue warning that profits are down 43%

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Chinese paper-making giant Lee & Man Paper has said that its profits are likely to be 43% lower than the same period last year.

In a preliminary earning warning issued to the Hong Kong Stock Exchange, the company said both the sales volume and price of its products had fallen.

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The statement said: "The profit attributable to equity holders of the company during the period decreased by approximately 43 . . .

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