Lee & Man Paper Manufacturing Limited / Cayman

HK:2314  Interim Results:

— Turnover decreased by 7.9% to HK$5,060 million as compared to the last corresponding period.

— Net profit increased by 22.3% to HK$817 million as compared to the last corresponding period.

— Gross profit margin increased by 33.2% from 18.5% to 24.6%.

— Earnings per share increased by 22.2% to HK71.8 cents as compared to the last corresponding period.

— Proposed interim dividend of HK22 cents per share

Lee & Man Paper Target Raised To HK$27.00 Vs HK$23.80 By JPM

Lee & Man Paper Target Raised To HK$24 From HK$20 By Citi