Orient Paper, Inc. (ONP) Monday said it expects first-quarter revenues to be lower than the same quarter in 2012. The China-based producer of paper products said it believes 2013 to continue to be a challenging year in terms of earnings growth.
For the full-year 2013, the firm expects net income to be between $9 million and $10 million, and earnings per share to be in the range of $0.51 and $0.56.
Revenues for the year are expected to range of between $144 million and $159 million.
Last week, Orient Paper reported 63.6% percent fall in fourth-quarter net income to $2.0 million. Earnings per share were $0.11, compared to $0.30 in the preceding year. However, total revenues increased 11.9 percent to $43.5 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.