China's Chemspec International Reports Increase in Sales and Profits

Chemspec International (Shanghai), China's leading contract  manufacturer of specialty chemicals, today reported its unaudited second quarter results. Net income attributable to Chemspec International shareholders rose by 10% to Rmb57.5 million ($8.5 million) compared with the second quarter of 2009, while income from operations was up 6% at Rmb69.6 million. Gross profit was up 4% at Rmb98.7 million. Chemspec's sales increased 15.4% to Rmb266.8 million. "After a very challenging period in the second half of 2009 and the start of 2010, we were able to...

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