IHS Chemical Week

People & Business :: Earnings/Finance

Keyuan Petrochemicals reports rise in profits, sales

5:45 AM MDT | August 19, 2013 | Deepti Ramesh

Keyuan Petrochemicals (Ningbo, China) reports an 81% rise in net profits for the first quarter, ended 31 March 2013, compared with the year-ago quarter, to $2.9 million. First-quarter sales increased 14.3%, to $209.6 million, due to higher plant capacity utilization and higher sales volume for the company's products, Keyuan says. During the first three months of 2013, the company sold 184,581 m.t. of chemical products, compared to 155,235 m.t. of chemical products sold in the first three months of 2012, Keyuan says. “We are pleased that our first three...

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