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China Sanjiang Fine Chemicals Co Ltd Comments On H1 2013 Profit Guidance


Monday, 15 Jul 2013 04:16am EDT 

China Sanjiang Fine Chemicals Co Ltd announced that for first half of 2013, it expects net profit attributable to equity holders will increase by more than 50% as compared to net profit attributable to equity holders of the Company of approximately RMB202.5 million for first half of 2012. The expected increase in net profit attributable to equity holders of the Company was primarily attributable to the increase in production capacity and sales volume after the commencement of commercial operation of the 4th phase ethylene oxide production facilities on February 24, 2013 and the full-year impact of the 1st phase ethylene oxide production facilities of Sanjiang Honam Chemical Co., Ltd., a sino-foreign joint venture company which the Group established in 2010 on a 50:50 basis with Honam Petrochemical Corp, an independent third party, in October 2012. 

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3.7
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24 Apr 2014