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Tangshan Sanyou Chemical Industries Co Ltd Announces FY 2013 H1 Net Profit Outlook

Monday, 8 Jul 2013 08:00pm EDT 

Tangshan Sanyou Chemical Industries Co Ltd announced that it expects its net profit for the first half fiscal year (FY) 2013 to increase approximately 400% (or 200% compared to the adjusted net profit), compared to the net profit of the same period in FY 2012 (RMB 37,306,600, or RMB 59,311,400 after adjustment due to acquisition of a Tangshan-based company). The Company cited the improvement of profitability of viscose staple fibre and organic silicon as the main reasons for the forecast. 

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