Cham Paper expects to increase operating profit in 1H 2017
10 July 2017
Business activities of the Cham Paper Group are developing favorably in 2017. The paper division is benefiting from the excellent reputation of its products in the market, where the sales department is increasingly concentrating on the sale of specialty papers which carry higher margins. At the same time, efficiency enhancements at the factories are leading to higher profitability, as the company says in the press release received by Lesprom Networ.
For the first half-year, the Group expects to achieve an operating profit of CHF 9 million ($9.3 million) to 10 million ($10.4 million), prior year period CHF 5.2 million ($5.4 million) at a slightly lower revenue level of around CHF 100 million ($104 million), prior year period CHF 103.8 million ($108 million).
The Cham Paper Group will release details about the first half year on 17 August 2017.
The Cham Paper Group is a leading manufacturer of coated speciality papers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network.