In 2015, Cham Paper Group achieved revenue of CHF 194.3 million ($199 million). This is 10.4% less than in 2014 - CHF 216.8 million ($222 million), however, revenue grew by 2.4% in local currency.

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Cham Paper Group 2015 revenue fall 10.4%

Mar 23, 2016. /Lesprom Network/. The Cham Paper Group has closed another transformative year with a small profit. The financial year was challenging for the paper division on several levels, as the company said in the press release received by Lesprom Network.

In 2015, Cham Paper Group achieved revenue of CHF 194.3 million ($199 million). This is 10.4% less than in 2014 - CHF 216.8 million ($222 million), however, revenue grew by 2.4% in local currency.

The operating profit came to a modest CHF 2.4 million ($2.5million); previous year was CHF 5.9 million ($6 million), while the net result was just positive, at CHF 0.5 million ($0.49 million). The profit has therefore improved slightly in the traditionally weaker second half thanks to the reduction in costs.

The Cham Paper Group is a leading manufacturer of coated speciality papers.