OREANDA-NEWS.  September 04, 2013. Youbisheng Green Paper AG recorded improved profit margins in the first six months of 2013 whereas results were on the same level as in the year 2012.

Revenues compared to previous years reporting period slightly decreased by 3.1% from Euro 48.5 million to Euro 47 million. With Euro 12.8 million, gross profit did not change year-on-year, as the company said in the press release received by Lesprom Network. 

The operating income (EBIT) slightly increased by 0.9% from Euro 11.7 million to Euro 11.8 million. Net profit was also stable, reaching Euro 8.8 million as in the previous year.

Correspondingly, margins of the Chinese manufacturer of eco-friendly linerboard for the growing Chinese consumer goods industry improved slightly. For the first half of 2013, gross profit margin was 27.2% (H1 2012: 26.4%), EBIT margin was 25% (H1 2012: 24.1%) and net profit margin 18.8% (H1 2012: 18.1%).

For the full year 2013 management expects revenues to reach Euro 110 million and an EBIT margin of at least 24%.

Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of eco-friendly produced linerboard from up to 100% recovered fibres.