Yueyang Forest & Paper Co Ltd <600963.SS> : Says its wholly owned industrial unit will buy heavy calcium project assets, including plant, equipments, production lines as well as material, from a recourse development company .Transaction amount is 46.3 million yuan.
C&S Paper Co Ltd <002511.SZ> : Sees Q1 FY 2017 net profit to increase by 50 percent to 80 percent, or to be 68.3 million yuan to 82 million yuan . Says Q1 FY 2016 net profit was 45.6 million yuan .The reason for the forecast is increased sales revenue.
Inapa SA : FY net loss 2.2 million euros ($2.4 million) versus loss 0.4 million euros year ago . FY sales 849.8 million euros versus 881.3 million euros year ago . FY recurring EBITDA 22.0 million euros versus 23.2 million euros year ago .Says net debt 290.7 million euros at end-2016 versus 310.9 million euros at end-2015.
Shandong Sun Paper Industry Joint Stock Co Ltd <002078.SZ> :Says it expects Q1 net profit to rise 180-230 percent y/y to 397.2-468.1 million yuan ($57.68-$67.98 million).
Nikkei: Hokuetsu Kishu Paper expected to report a 19 pct increase in operating profit to around 11 billion yen for the year ending march 31-Nikkei .Hokuetsu Kishu Paper expects sales to grow 7 pct to 265 billion yen for the year ending march 31-Nikkei.
Orient Paper Inc : Orient Paper - as of Dec 31, 2016, co had assets of about $14.5 million, liabilities of about $20.6 million , resulting in working capital deficiency of about $6.1 million . Orient Paper - currently seeking to restructure term of liabilities by raising funds through long-term loans to pay off liabilities with shorter terms . Orient Paper - ability to continue as going concern dependent upon obtaining necessary financing or negotiating terms of existing short-term liabilities .Orient Paper - in addition to working capital deficit, had entered into contracts with capital expenditure commitments for about $14 million as of Dec 31 - SEC filing.
Orient Paper Inc : Orient Paper, Inc. announces fourth quarter and fiscal year 2016 financial results . Q4 earnings per share $0.14 . Q4 revenue fell 10.6 percent to $31.4 million . Orient Paper- Cautious on 2017 outlook as slowing GDP growth in China,government's efforts to combat pollution to take toll on paper industry .Orient Paper Inc - "Expect that our digital photo paper production will remain suspended for foreseeable future".
James Cropper Plc - : Board expects results for year ending April 1 2017 to be moderately ahead of its previous expectations . Outlook for next year remains encouraging with growth expected across all three businesses . Announce that Doug Mitchell, a non-executive director of James Cropper for 5 years, is retiring at end of this month . During year James Cropper experienced healthy sales growth across both paper and technical fibre products businesses .Impact of foreign exchange movements has also been favourable to export business.
UPM-Kymmene Oyj : Sells hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh located in Augsburg . Parties have agreed not to disclose purchase price .Transaction does not have an effect on employees working at UPM Schongau and UPM Ettringen Mills.
Hokuetsu Kishu Paper Co Ltd <3865.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I .Rating outlook stable -R&I.