Satellite Chemical H1 Profit Up 127%, Revenue Rises 31%

MT Newswires Live
Aug 17

Satellite Chemical (SHE:002648) posted first-half attributable net profit of 6.23 billion yuan, up 127% from 2.74 billion yuan the previous year.

Earnings per share jumped to 1.85 yuan from 0.81 yuan, according to a weekend filing with the Shenzhen bourse.

Operating revenue rose 31% year over year to 30.7 billion yuan from 23.5 billion yuan.

Shares of the chemical company climbed 1% in recent trade.

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