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Article: China BlueChemical announces 2009 interim results.(M & A, Business & Trade)(Financial report)
- Article from:
- China Chemical Reporter
- Article date:
- September 26, 2009
CopyrightCOPYRIGHT 2009 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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China BlueChemical Ltd. (HK: 3983) posted revenue was RMB2 828. 1 million for the first half of 2009. Net profit was RMB527.0 million.
Affected by the global financial turmoil, dwindled market demand for fertilizer and chemicals, the company results saw decline in sales volume and sales price, resulting decrease in income and profit for H1.
China BlueChemical produced 214 642 tons of phosphate fertilizer and offered 187 330 tons of phosphate fertilizer in H1 2009, recording historic high, driven by the acquisitions of DYK Chemical and ZHJ Mining. The average utilization rate of the phosphate fertilizers facilities reached 85.9%, generating revenue of ...