Key Developments: Orient Paper Inc (ONP)
1.70USD
20 May 2013
$-0.04 (-2.30%)
$1.74
$1.71
$1.77
$1.66
27,008
47,207
$3.19
$1.43
Latest Key Developments (Source: Significant Developments)
Orient Paper Inc Reaffirms FY 2013 Earnings Guidance
Orient Paper Inc announced that it reiterates commitment to the Company's net income and earnings per share, for fiscal 2013. Full Article
Orient Paper Inc Declares First Quarter 2013 Dividend Of $0.0125 Per Share
Orient Paper Inc announced that its Board of Directors declared another quarterly cash dividend of $0.0125 per share. The dividend is payable on April 30, 2013 to shareholders of record as of the close of business of April 16, 2013. Full Article
Orient Paper Inc's Hebei Baoding Orient Paper Milling Co., Ltd Signs Construction And Installation Contract And Secures Land Lease For Paper Production Facilities
Orient Paper Inc announced that it has secured the land lease for its new household/tissue paper production facilities as well as signed the construction and installation contract for the first production line in these facilities, through its subsidiary Hebei Baoding Orient Paper Milling Co., Ltd. (Orient Paper HB). Orient Paper HB has also signed a construction and installation contract with a paper manufacturing equipment provider in China, for the first of its two household/tissue paper production lines, each having a designed capacity of 15,000 tonnes per year. The consideration for the first production line under the contract is RMB31 million (USD5.0 million), funded by the Company out of cash on hand, with installation scheduled to be completed by the end of the second quarter of 2014. The Company estimates that the total cost of the two tissue paper production lines and related facilities will be approximately USD43.5 million. When full anticipated production is achieved, the Company expects the two production lines to generate up to USD30 to USD34 million of revenue annually. Full Article
Orient Paper Inc Declares Fourth Quarter 2012 Dividend of $0.0125 per Share
Orient Paper Inc announced that its Board of Directors declared another quarterly cash dividend of $0.0125 per share. The dividend is payable on December 31, 2012 to shareholders of record as of the close of business of December 17, 2012. Full Article
Orient Paper Inc Lowers FY 2012 Guidance
Orient Paper Inc announced that for fiscal 2012, it expects revenues are expected to be in the range of between $146 million and $148 million, net income to be between $15 million and $17 million, and basic and diluted earnings per share to be between $0.90 and $0.92. Full Article
Orient Paper Inc Declares Dividend
Orient Paper Inc announced that its Board of Directors declared another quarterly cash dividend of $0.0125 per share. The dividend is payable October 1, 2012 to shareholders of record as of the close of business of September 14, 2012. Full Article
Orient Paper Inc Lowers FY 2012 Guidance
Orient Paper Inc announced that for fiscal 2012, it expects revenues of between $159 million and $176 million, gross profit to be between $29 million and $32 million, net income to be between $18 million and $20 million, and basic and diluted earnings per share to be between $0.98 and $1.08. Full Article
Orient Paper Inc Announces Proposed Settlement of Securities Class Action Lawsuit
Orient Paper Inc announced that it has reached a proposed settlement of the securities class action lawsuit pending against the Company and certain current and former officers and directors of the Company. The securities class action lawsuit was filed in the United States District Court for the Central District of California (Mark Henning, et. al, v. Orient Paper, Inc. et al., Case no. CV-10-5887 RSWL (AJWx)) and alleges, among other things, that the Company issued materially false and misleading statements and omitted to state material facts that rendered its affirmative statements misleading as they related to the Company's financial performance, business prospects, and financial condition, and that the defendants failed to prevent such statements from being issued or corrected. The terms of the proposed settlement call for dismissal of all the Orient Paper defendants from the action in exchange for a $2 million payment from the Company's insurer. The parties expect to complete full documentation of the settlement and file a motion for preliminary approval of the class action settlement and approval of the class notice no later than July 30, 2012. Full Article
Orient Paper Inc Announces Quarterly Dividend
Orient Paper Inc announced that its Board of Directors declared a quarterly cash dividend of $0.0125 per share. The dividend is payable July 2, 2012, to shareholders of record as of the close of business of June 15, 2012. The Board of Directors also approved that quarterly dividend of $0.0125 per share will also be paid in the next three quarters on such dates as the Board of Directors shall determine. Full Article
Orient Paper Inc Reaffirms FY 2012 Guidance
Orient Paper Inc reaffirmed fiscal 2012 guidance to revenues of between $185 million and $204 million, gross profit to be between $39 million and $43 million, net income to be between $25 million and $27 million, and basic and diluted earnings per share (EPS) to be between $1.35 and $1.49. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
