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China Bluechem Sees Record-High Interim Profit From Recurring Operation Since 2013

indie
6 minutes

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - China BlueChemical Ltd. ("China BlueChem" or the "Company," stock code: 3983), the largest state-owned chemical fertiliser producer and the leading methanol producer in China, announced its unaudited interim results for the six months ended 30 June 2022. Financial Highlights (Unaudited):For the Six Months Ended 30 June(RMB Million) 2022 2021 ChangeRevenue 7,371 6,110 +20.6%Gross Profit 1,408 1,285 +9.6%Net Profit Attributable to Owners of the Company 937 1,246 -24.8%Net Profit Attributable to Owners of the Company (excluding a one-off item) 937 868 +8.0%Basic Earnings per Share (RMB) 0.20 0.27 -25.9%In the first half of the year, the Company realized a revenue of RMB 7,371 million, a surge of 20.6% over the corresponding period last year. Net profit attributable to owners of the Company amounted to RMB 937 million. In comparison with net profit attributable to owners of the Company after excluding a one-off item relating to Hualu Yangpoquan project for the first half of last year, which was RMB 868 million, the interim profit of this year is not only 8.0% higher than that of 2021, but also breaks the record of interim pro...

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China Bluechem’s 2021 Profit Doubles to RMB1.5 Billion with Better-Than-Expected Results in Operation and Development

indie
5 minutes

HONG KONG, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - China BlueChemical Ltd. ("China BlueChem" or the "Company," stock code: 3983), the largest state-owned chemical fertiliser producer and the leading methanol producer in China, has announced its audited annual results for the year ended 31 December 2021.Mr. HOU Xiaofeng, CEO and President of the Company said, "Looking back at 2021, as the COVID-19 pandemic continued to send shockwaves across the global industrial chain, the fertiliser industry recorded decade-high prices and the chemical industry as a whole experienced promising development momentum. By grasping favourable opportunities, the Company had an auspicious start to the 14th Five-Year Plan, with a better-than-expected performance in production and operation and development progress."In 2021, the Company's revenue was RMB13,398 million, up 29% from 2020. Gross profit soared 120% to RMB2,936 million. Profit attributable to owners of the Company surged 101% to RMB1,498 million, consolidating the Company's continued leadership position in terms of profitability. Based on the Company's sound financial condition, the Board of Directors recommended payment of a final di...

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PT International Announced its Very Substantial Acquisition in Relation to Subscription of 65% Equity Interest in Thousand Vantage Investment Limited

indie
5 minutes

HONG KONG, Mar 30, 2021 - (ACN Newswire via SEAPRWire.com) - PT International Development Corporation Limited ("PT International", Stock Code: 372, with its subsidiaries collectively referred to as the "Group") is pleased to announce the details of its very substantial acquisition in relation to subscription of 65% equity interest in Thousand Vantage Investment Limited.On 29 March 2021, PT International entered into the Subscription Agreement through PT OBOR Financial Holdings Limited ("PT OBOR"), a wholly-owned subsidiary of the Company, with Thousand Vantage Investment Limited ("Thousand Vantage") and the Guarantor to subscribe for 668,571,429 new ordinary shares of the Thousand Vantage at the Subscription Price, being the Redemption Amount which is the aggregate sum of the subscription price for the Preference Shares of HK$200,000,000 and the Accrued Amount up to the date of Completion (for reference, the Accrued Amount up to 31 March 2021 is expected to be approximately HK$3,825,000). Based on the Subscription Price, the price per Subscription Share shall be approximately HK$0.3049. The Subscription Price shall be paid on Completion by way of offsetting against the Redemption A...