China’s Sinochem International posts 25% fall in 2012 net profit

02 April 2013 04:31  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinochem International has posted on Tuesday a 25% decline in its 2012 net profit year on year to yuan (CNY) 584m ($94.2m) amid the global economic slowdown.

The company’s sales revenue in 2012 fell to CNY54.4bn, compared with CNY55.3bn in 2011, according to a statement by the company to the Shanghai Stock Exchange.

Sales from its major rubber sector in 2012 fell by 35.3% year on year to CNY15.4bn due to falling market prices, the statement added.

Sinochem International trades and distributes chemicals, metallurgical and energy products.

($1 = CNY6.20)

By: Viola Pan
+65 6780 4359

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