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Article: Prosperity of the chemical sector fuels good results for chemical firms.(M & A, Business & Trade)
- Article from:
- China Chemical Reporter
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As of July 9th, 88 listed chemical companies has posted their results predicted in the first half of 2008. Of which, 50 companies expected a performance growth, 44 companies projected a performance growth for the second quarter of 2008 over the first quarter.
Thirty-one companies announced their performance growth of more than 100% in the first half of 2008. Sichuan Chemical Company Limited (SZ: 000155) forecasts the net profit will be RMB 100 million higher, up 1 127% year-on-year. Hubei Xingfa Chemicals Group Co., Ltd. (SH: 600141) will see the net profit increase of 550% year-on-year. Companies with a good performance all attribute the increase of the net ...