Nine Dragons Paper (HKG:2689) expects to report a profit of 3.9 billion yuan to 4.1 billion yuan for the year, up 77.1% to 86.2% from 2.2 billion yuan a year earlier.
The company attributed the expected increase to higher sales volume and selling prices rising faster than raw material costs, which boosted gross profit, according to a Thursday Hong Kong bourse filing.
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