21 August 2012 07:18 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yantai Wanhua Polyurethanes has posted a 1.5% year-on-year decline in its first-half 2012 net profit to yuan (CNY) 984m ($155m) because of falling domestic polyurethane products prices, the company said on Tuesday.
Its revenue for the first six months of the year increased by 4.1% year on year to CNY7.2bn, while its operating profit for the period was down by 3.9% to CNY1.4bn, the comapny said in its semi-annual report to the Shanghai Stock Exchange.
Yantai Wanhua Polyurethanes is a key methylene di-p-phenylene isocyanate (MDI) manufacturer in ?xml:namespace>
The company specialises in the research, production and sales of MDI and related products such as modified MDI, polyether polyurethane rigid foam, aromatic polyamine, and thermoplastic polyurethane (TPUs).
($1 = CNY 6.36)
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