For the first quarter of 2017, total revenue decreased by $2.6 million, or 9.4%, to $25.3 million from $27.9 million for the same period of the prior year. The decrease in total revenue was mainly decreases in sales volume for offset printing paper, light-weight CMP and tissue paper products. Due to heavy haze in Northern China, the government has temporarily restricted our production volume since November 2016. We decreased the production volume of offset printing paper, light-weight CMP and tissue paper products and sales of these products were decreased in the first quarter of 2017 accordingly. Total gross profit increased by $1.9 million, or 50.1%, to $5.7 million for the first quarter of 2017, from $3.8 million for the same period of the prior year. The increase was mainly due to the increase in ASP of regular CMP, partially offset by the increase in unit cost of recycled paper board and the reduction in sales volume, as further described above. click Read More below for additional detail
Please be advised with shipments on September 1,02018 Suzano Pulp and Paper will increase prices by 5-8% on the following products: Suzano Branded and Private Label Office Papers; Paperfect Offset Rolls and Sheets, Prisma Bright Offset Rolls and Sheets.
All current standard upcharges and terms of sale remain in effect until further notice.