OREANDA-NEWS. October 10, 2013. The Board of Directors of Nine Dragons Paper (Holdings) Limited announced the audited consolidated results of the Company and its subsidiaries (the "Group" or "ND Paper") for the twelve months ended 30 June 2013 (the “Year” or “FY2013”).

The Board has resolved to recommend the payment of a final dividend of RMB 8.0 cents (USD 1) per share for FY2013, as the company said in the press release received by Lesprom Network. 

During the Year, the Group’s total sales volume reached new height at approximately 10.5 million tonnes, bringing approximately RMB 28.7 billion (USD 3.7 billion) in sales revenue, a 5.8% increase year-on-year. Inclusive of trial sales of approximately 0.4 million tonnes produced by paper machines under ramp-up, ND Paper has achieved a total sales result of approximately 10.9 million tonnes in FY2013.

Gross profit for the Year was approximately RMB 4.6 billion (USD 593 million), representing an increase of approximately 6.2% as compared with last financial year.

Profit attributable to equity holders of the Company increased by 9.9% to approximately RMB 1.6 billion (USD 206 million) in FY2013, and basic earnings per share was approximately RMB 0.3347 (USD 0.0431).

Nine Dragons Paper (Holdings) Limited is the largest containerboard product producer in China and Asia (including Japan), and one of the largest producers in the world, in terms of design capacity. The Group primarily manufactures and sells linerboard, high performance corrugating medium and certain types of coated duplex board.