Younglight Chemicals reports nearly 168% increase in 2010 net profit | |||
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Ningxia Younglight Chemicals (000635) saw an 167.55% surge in 2010 net profit to CNY 128 million (US$ 20 million) and sales revenue in 2010 rose 31.72 % to CNY 2.468 billion (US$ 366 million), with earnings per share (EPS) of CNY 0.722 (US$ 0.11), up 127.76%. Younglight Chemicals is a manufacturer of polyvinyl chloride (PVC), calcium carbide, caustic soda, calcium cyanamide, liquid chloride and hydrochloric acid. It is scheduled to allocate CNY 2 (US$ 0.3) for every 10 shares held. |
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