Nine Dragons to source more overseas recycled pulp as it announces big profit drop

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ND Paper
A Chinese paper mill owned by Nine Dragons
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Chinese recycled paper and board giant Nine Dragons Paper has announced that its profits have fallen by 48.9% in its annual results.

Annual profit attributable to equity holders was approximately RMB4.02 billion (£455 million) after exchange losses on operating and financing activities were excluded.

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Although sales volume increased by 8.5% year-on-year to 14.1 million tonnes, and total sales increased 3.5% year-on-year . . .

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