Despite faced with various challenges, including the complicated economic environment both at home and abroad, and tightening control on the import quota of recovered paper by the Chinese government, the Group’s sales and sales volume both reached a record high for the Year. Total sales volume reached 14.1 million tonnes, representing a year-on-year increase of 8.5%. Total sales increased 3.5% year-on-year to approximately RMB54.65 billion. Cash flow remained at a healthy level. Net debt gearing ratio decreased to its lowest level over the last decade, down by 5.6 ppts year-on- year to 59.7%. Profit attributable to equity holders was approximately RMB4.02 billion if the exchange losses on operating and financing activities were excluded, representing a year-on-year decrease of 48.9%. Basic earnings per share amounted to RMB0.82. The Board has proposed the distribution of a final dividend of RMB18 cents per share. Together with the interim dividend per share of RMB10 cents, dividend for the Year amounted to RMB28 cents per share with a dividend payout ratio of 34%.
At Domtar, we think about absorbency every day. We use wood pulp to make tissue paper, paper towels and the absorbent cores for the baby diapers that we design and manufacture. Test your knowledge about these products by taking our absorbency quiz, and learn how we use science and innovation to continually improve the absorbent products that families rely on every day.