HONG KONG, Aug 26, 2021 - (ACN Newswire via SEAPRWire.com) - Pacific Millennium Packaging Group Corporation ("PM Packaging" or the "Group"; Stock Code: 1820), a leading corrugated packaging supplier in the People Republic of China (the "PRC"), announced its unaudited interim results for the six months ended 30 June 2021 ("Period").During the Period, the corrugated packaging industry was affected by the ongoing rise in raw material prices. Consequently, the Group's net profit contracted despite a year-on-year increase in revenue of approximately 26.5% to RMB1,116.7 million during the Period (Corresponding Period of 2020: approximately RMB882.8 million). Gross profit rose by approximately 5.7% year-on-year to RMB178.1 million and consolidated gross profit margin was approximately 15.9%. The Board has declared an interim dividend of HK$0.08 per share (Corresponding Period of 2020: nil).Construction of New Production PlantIn 2020, the Group established a new production plant in Shandong province (the "Shandong Plant") with an annual production capacity of approximately 78 million square meters of corrugated sheet boards and corrugated packaging products. Its utilisation rate reached ap...