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Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY – Get Free Report) fell 4.5% during mid-day trading on Monday . The company traded as low as $3.15 and last traded at $3.15. 500 shares traded hands during trading, a decline of 80% from the average session volume of 2,488 shares. The stock had previously closed at […]
Stable markets 19/04/2024 Norske Skog's EBITDA in the first quarter of 2024 was NOK 76 million, a decrease from NOK 760 million in the fourth quarter of 2023....
Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMF – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 1,967,000 shares, a drop of 20.0% from the September 15th total of 2,458,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover […]
Indian paper manufacturers are expected to experience a decline in revenue of 8-10% this fiscal year, compared to a growth of 30% last year, due to lower realizations and intense competition. However, volume is projected to increase by 5-7%. The packaging paper segment is the largest in India, followed by writing and printing paper. Crisil Ratings anticipates a 6-8% growth in packaging paper volume and a 3-5% growth in writing and printing paper volume.
The Indian paper industry had reported revenue growth of 30 per cent a year before in FY23. "Indian paper manufacturers could see revenue decline of 8-10 per cent this fiscal, compared with a steep 30 per cent growth last fiscal, with average realisations expected to soften in keeping with lower raw material prices, and given intense competition," it said.