Cham reports growth

The Cham Paper Group reported 2016 net revenue of chf198 million ($197 million), compared with chf194.3 million in 2015 on the basis of unaudited figures

The group achieved operating results chf10 million, up from chf2.4 million during the previous year. Net income is expected to reach about chf8 million (2015: chf0.5 million).

Cham said that, in a slightly weaker market environment, the paper division benefited from the efficiency improvements in production and from a return to “normal” raw material prices.

The group will publish its annual report at the end of March.