Nov 28, 2008. /Lesprom.com/. Oji Paper has lifted their operating profit estimate due to price hikes. The estimate forecasts the fiscal year ending in March 2009. The company has raised its forecast to 50.5 billion yen ($530 million) from 47 billion yen ($493 million).
Japanese Oji Paper rise profit estimate
Nov 28, 2008. /Lesprom.com/. Oji Paper has lifted their operating profit estimate due to price hikes, Japan’s Corporate News reported. The estimate forecasts the fiscal year ending in March 2009.
The company has raised its forecast to 50.5 billion yen ($530 million) from 47 billion yen ($493 million). The company carried out price hikes for some paper products in the April-September first half and is planning to continue price hike negotiations for other products in the second half. Oji Paper also expected crude oil prices to increase its production costs in the following period.
