China Sanjiang Fine Chemicals Foresees Surge in 2024 Profit

MT Newswires Live

2025/01/24

China Sanjiang Fine Chemicals (HKG:2198) expects its attributable profit to surge to between 450 million yuan and 550 million yuan in 2024 from 91.5 million yuan in 2023, according to a Thursday filing with the Hong Kong Exchange.

The foreseen increase is attributable to a 9.8% price increase and an 83% rise in sales of ethylene glycol, and a 51% price increase and 105% surge in sales of butadiene, the filing said.

The chemicals company plans to release final results before the end of March.

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