China’s Chongqing Jianfeng H1 '13 net profit fall on lower prices

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)

By: Viola Pan
+65 6780 4359

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