China’s Chongqing Jianfeng posts CNY38.7m net profit in Q1 2012

23 April 2012 10:20  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Chongqing Jianfeng Chemical posted a net profit of yuan (CNY) 38.7m ($6.13m) in the first quarter of 2012 because of increased production and sales volume, the company said in a statement on Monday.

The company had posted a net loss of CNY 38.7m in the same period of 2011, according to the statement.

Chongqing Jiafeng’s operating income was CNY 735m in the first quarter of 2012, up by 68.5% year on year with the increase in sales volume, said the statement.

The company did not provide details of the sales volume.

 ($1 = CNY6.31)

By: Dolly Wu
+65 6780 4359

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