China's Bluestar forecasts doubling of net profits
22 January 2008 08:36 [Source: ICIS news]
SINGAPORE (ICIS news)--China's Bluestar New Chemical Materials has forecast a doubling of its net profits for 2007 year on year due to higher output and stronger demand, it said on Tuesday.
The company increased its silicone output in the second half of 2007 and higher sales from phenol, acetone and epoxy resins boosted its revenue, it said.
The company posted net profits of yuan (CNY) 200.4m ($27.7m) in 2006.
($1=CNY7.24)
By: Florence Tan
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