Youyuan (02268) year net down 6% to Rmb273m; div HK8 cts

    Youyuan International (02268) said its profit and total comprehensive income attributable to owners for the year ended 31 December 2014 dropped 6% year-on-year to Rmb273 million.
  Its basic earnings per share were Rmb24.8 cents.
  The revenue was Rmb1,544 million, an increase of 0.8% from a year earlier. Overall gross profit margin of the Group slightly decreased from 32.9% for the year 2013 to 31.3% for the year 2014.
  The decrease in net profit was a result of the lower overall average selling price of the Group's products and the income tax charged for the deferred taxation, the impact of which was partly set off by an increase in sales volume of around 14,000 tonnes during this reporting period and the benefit from lower cost from increased use of de-inked pulp.
  The proposed final dividend is HK8 cents (2013: HK6.3 cents) per share, payable on or before 15 June by way of cash, with an option for shareholders to receive new fully paid shares or partly in shares and partly in cash under the scrip dividend scheme.
  The Board has also proposed to make a bonus issue of one new share credited as fully paid for every ten shares held by shareholders.