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Paper Packaging

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Jia Yao Holdings says unit entered into sale agreements to sell paper cigarette packages

Monday, 27 Mar 2017 07:30am EDT

Jia Yao Holdings Ltd <1626.HK>: Hubei golden three gorges, a subsidiary of company, entered into sale agreements in relation to sale of paper cigarette packages .China tobacco guizhou to purchase from hubei golden packages for certain sub-brands of cigarette brand at unit prices ranging from rmb0.1850 per piece to rmb3.1000 per piece.

Mayr Melnhof Karton FY profit rises 8.0 pct to EUR 153.4 million

Tuesday, 21 Mar 2017 03:10am EDT

Mayr Melnhof Karton AG : To increase dividend to 3.00 euros ($3.23) per share for financial year 2016, following 2.80 euros per share (sum of 1.60 euros interim dividend and 1.20 euros dividend) for 2015 . FY group's consolidated sales rose by 4.2 percent to 2,272.7 million euros and were thus 91.2 million euros above previous year's amount (2015: 2,181.5 million euros) . At 213.7 million euros, FY operating profit was 6.9 percent or 13.8 million euros higher than in previous year (2015: 199.9 million euros) . FY profit for year thus rose by 8.0 percent to 153.4 million euros (2015: 142.1 million euros), with net profit margin increasing slightly from 6.5 percent to 6.7 percent . FY profit before tax increased by 9.8 percent to 209.2 million euros after 190.6 million euros in previous year . At same time, significantly higher recovered paper prices compared to beginning of 2016 have further increased tensions .Owing to short-term nature of business, it is not yet possible to provide a forecast for result of 2017.

DS Smith says outlook remains positive

Thursday, 9 Mar 2017 02:20am EST

DS Smith Plc : Says Co's outlook remains positive, despite ongoing challenging economic condition . Says volumes continue to grow well and board continues to anticipate performance in line with our medium term financial targets and views future with confidence . Business has performed in line with expectations for period since Nov 1 . Says continuing to build on progress made in first half of year with sustained good volume growth .Pan-European customer volumes continue to grow ahead of group average rate.

Mondi posts 3 pct rise in FY underlying operating profit to 981 mln euros

Thursday, 23 Feb 2017 02:40am EST

Mondi PLC : FY underlying operating profit of eur 981 million, up 3% . FY group revenue 6.66 bln euros versus 6.82 bln euros year earlier . FY underlying operating profit 981 million euros versus 957 million euros year earlier . FY basic underlying earnings per share 137.8 euro cents versus 133.7 euro cents . Total dividend per share 57.0 euro cents versus 52.0 euro cents year earlier . Outlook for the business is positive . Expect some inflationary cost pressures across group and a lower forestry fair value gain . Anticipate more challenging trading environment in certain uncoated fine paper markets following price erosion in europe over course of 2016 . Expect to benefit from recently completed capital project, m&a, together with steady organic growth in our downstream converting businesses . In 2017, Syktyvkar shut is planned for first half of year and Ruzomberok and Neusiedler mill shuts are scheduled for second half . "Expect tax rate to be around 22%" . Recognised deferred tax assets related to previously unrecognised tax losses which we now expect to be able to utilise in coming years .Expect to ramp up production over course of 2017.

Smurfit Kappa FY EBITDA up 5 pct despite "significant headwinds"

Wednesday, 8 Feb 2017 02:08am EST

Smurfit Kappa Group Plc : Smurfit Kappa - FY EBITDA up 5 percent to 1.23 billion eur, Q4 ebitda down 2 percent to 320 million eur . Smurfit Kappa - final dividend increased by 20 pct to 57.6 cent per share . Smurfit Kappa says earnings growth delivered despite significant headwinds of higher raw materials, FX impacts . Smurfit Kappa - from a demand perspective, the year has started well across most areas of our business .Smurfit Kappa - recently announced paper price increases should translate with the customary time lag into higher box prices.

International Paper reports Q4 earnings per share $0.53

Thursday, 2 Feb 2017 06:55am EST

International Paper Co - : International Paper reports fourth quarter and full year 2016 earnings . Q4 adjusted operating earnings per share $0.73 . Q4 earnings per share $0.53 . Q4 sales $5.4 billion versus I/B/E/S view $5.35 billion . Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S . Special items in Q4 of 2016 included a pre-tax charge of $7 million for restructuring and other charges . Industrial packaging operating profits in Q4 of 2016 were $372 million compared with $424 million in Q3 of 2016 .Special items in Q4 included pre-tax charge of $7 million for restructuring, charges for costs associated with closure of mill in turkey.

BillerudKorsnas Q4 EPS just lags expectation, sees stable demand Q1

Thursday, 2 Feb 2017 01:00am EST

Billerudkorsnas AB : Q4 net sales sek 5 468 m . Q4 ebitda sek 693 m . Q4 adjusted ebitda sek 898 m . Q4 earnings per share sek 0.66 (0.96) . Reuters poll: billerudkorsnas q4 earnings per share was seen at sek 0.68, dividend at sek 4.31per share . proposes a dividend of sek 4.30 per share . sees stable demand, order situation Q1 with normal seasonal variances for all business areas . sees unchanged average prices in local currency in Q1 in all segments except for impact of previously announced price increases in sack segment . says for coming quarter wood cost is expected to increase approximately 3% due to higher transportation cost, however no changes to wood prices are expected .says investment level 2017 will be approximately sek 4 300 m.

Shantou Wanshun Package Material Stock sees FY 2016 net profit up 10 pct to 30 pct

Friday, 27 Jan 2017 03:21am EST

Shantou Wanshun Package Material Stock Co., Ltd.<300057.SZ>: Sees net profit for FY 2016 to increase by 10 percent to 30 percent . Says the net profit of FY 2015 was 64.6 million yuan .Comments that increased aluminum foil business is the main reason for the forecast.

SHINDAEYANG PAPER to halt production due to fire disaster

Thursday, 9 Jun 2016 09:05pm EDT

SHINDAEYANG PAPER CO.,LTD <016590.KS> :Says it will halt the paper making production of its factory from June 10 due to fire disaster.

Shindaeyang Paper subsidiary to divest real estate business into new subsidiary

Thursday, 25 Feb 2016 02:02am EST

Shindaeyang Paper Co., Ltd:Says its subsidiary SHINDAEHANPANJI CO., LTD. to divest real estate business into a new wholly owned subsidiary.Division ration of 0.7948503:0.2051497 between SHINDAEHANPANJI CO., LTD and new subsidiary.Says division effective date of March 31 and registration date of April 4.

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