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China Flexible Packaging posts 328% rise in net profit to $5m for 1Q

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China Flexible Packaging Holdings, the manufacturer of biaxially-oriented polypropylene film in China, says net profit for the three months ending 31 January 2010 (1QFY2010) rose 328% y-o-y to RMB24.9 million ($5.1 million) due to an increase in sales as well as the improvement on gross profit margin over this period.

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