14 August 2013 08:21 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Chongqing Jianfeng Chemical posted a net profit of yuan (CNY) 24.2m ($3.95m) in the first half of 2013, a year-on-year decrease of 54.7% because of lower urea prices, the company said on Wednesday.
Net profit for the same period in 2012 was at CNY53.5m, according to a statement issued by Chongqing Jianfeng Chemical.
Operating income was at CNY1.82bn in the first six months of 2013, up by 10% from a year ago, the company said, without disclosing further details.
Chongqing Jianfeng Chemical largely produces urea and melamine in China.
($1 = CNY6.12)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections