Sunvic Chemical narrows losses in Q1

SUNVIC Chemical Holdings on Tuesday reported a narrowing of its fiscal first-quarter losses.

The manufacturer of intermediate chemical products, such as acrylic acid and acrylate esters, said its net loss attributable to shareholders for the quarter ended March 31, 2017, decreased to 3.7 million yuan (S$750,500) from a net loss of 60.9 million yuan the year before.

Its loss per share narrowed to 0.7 RMB cents, from 11.4 RMB cents.

This, as Sunvic's revenue grew to 589 million yuan, from 422.3 million yuan a year ago.