SUBSCRIBERS
Sinostar PEC Q1 net profit more than doubles to 26.4m yuan
Published Tue, May 2, 2017 · 09:50 PM
Singapore
SINOSTAR PEC Holdings on Tuesday posted a more-than-doubled net profit of 26.4 million yuan (S$5.3 million) for its first quarter ended March 31, 2016 (Q117), up from 11.5 million yuan a year ago.
Revenue grew by 43 per cent from 329.2 million yuan last year to nearly 472 million yuan, boosted by a 62.5 per cent growth in the sale of propylene from 55.8 million yuan in Q116to 90.7 million yuan in Q117.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks end week in red; STI down 0.1%
UK's FTSE 100 hits record highs on Anglo-American boost
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
SocGen Q1 profit slumps less than expected as investment bank surprises
WSJ moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn