May 15, 2015. /Lesprom Network/. Orient Paper’s revenue in the 1Q 2015 was $26.5 million, an increase of 2.9% from $25.8 million in the prior year period. The revenue increase was mainly due to revenue from its new Light-Weight CMP product, which was partially offset by the absence of revenue from the digital photo paper due to the production line relocation, as the company said in the press release received by Lesprom Network.

1Q net income was $2.1 million, down 16.9% from $2.5 million in the same quarter a year ago.

Basic and diluted earnings per share for the 1Q 2015 were $0.10, compared to $0.14 for the corresponding period of 2014.

Earnings before interest, taxes, depreciation and amortization ("EBITDA") were $6 million, up from $5.7 million in the 1Q 2014.

Mr. Zhenyong Liu, Chairman and CEO of Orient Paper, commented, "We are pleased with our 1Q financial performance as we experienced year-over-year top line growth, which was primarily driven by the continued market acceptance of our Light-Weight CMP products. Our revenue growth was notable because there were no sales of our digital photo paper products due to the production line relocation and our offset printing paper products experienced a decrease in sales volume due to a temporary interruption in production resulting from maintenance performed on one of our offset printing paper production lines in March 2015."

Orient Paper, Inc. is a leading paper manufacturer in North China. Orient Paper produces and distributes three categories of paper products: corrugating medium paper, offset printing paper, and other paper products, including digital photo paper and tissue paper that the company is currently expanding into.