Jul 30, 2013. /Lesprom Network/. Orient Paper, Inc. announced its preliminary unaudited results for the 2Q ended June 30, 2013. The Company will file its Form 10-Q with the Securities and Exchange Commission and will announce, through a press release, its unaudited financial results for the 2Q ended June 30, 2013 after market closes on Monday, August 12, 2013. 2Q gross profit up 5.4% year over year to $6.1 million. Net income up 0.8% in the 2Q $3.6 million, as the company said in the press release received by Lesprom Network. 

Mr. Zhenyong Liu, Chairman and CEO of Orient Paper, commented, "Despite the current economic environment, we are pleased that our businesses have started to recover steadily with our production ramping up from the previous quarter. The Company's overall profitability has improved as a result.

"We are also excited as we continue to make inroads into our tissue paper business expansion," continued Mr. Liu. "Securing the RMB150 million financing arrangement is an important milestone for Orient Paper, as well as an appreciation and recognition of our business strategy in the midst of tight credit conditions in China, which will provide adequate working capital for the later stage of this project."

Orient Paper, Inc. is a leading paper manufacturer in North China. Using recycled paper as its primary raw material, Orient Paper produces and distributes three types of paper products namely, packaging paper (corrugating medium paper), offset printing paper, and other paper products, including digital photo paper, and household/tissue paper that the company is currently expanding into.