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Nine Dragons Paper Shares Fall After Warning of 1H Loss

Por: MarketWatch Business February 06, 2023

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Net loss for the first half of the year is expected to range between CNY1.25 billion (US$184.5 million) and CNY1.45 billion, it said in a filing late Friday, citing higher production costs due to the Russia-Ukraine conflict. The company also said that it expected a significant decrease in its gross profit margins in the first half. While a first-half loss was widely expected by the market, the net loss warning was slightly worse-than-expected,... + full article



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