EBITDA rose 19% to $114 million. Profit attributable to shareholders surged by 72% to $23 million and earnings per share also increased to US 0.7 cents from US 0.4 cents compared to the corresponding period in 2012.
Mr. Tey Wei Lin, Acting CEO of Sateri, concluded: “Our profitability has improved even under a weaker product pricing environment in the first six months of 2013, mainly due to a significant reduction in our cost. This further demonstrates our ability to compete effectively in a challenging market environment faced by all rayon-grade DWP and VSF producers.”
Listed on the Hong Kong Stock Exchange, Sateri Holdings Limited is one of the largest specialty cellulose producers in the world. Sateri produces dissolving wood pulp (“DWP”) using wood resources grown from its captive plantations in Brazil, and viscose staple fiber in China using DWP as its main raw material feedstock.
