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Sinostar PEC Q1 net profit more than doubles to 26.4m yuan

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Published Tue, May 2, 2017 · 09:50 PM
Sinostar PEC

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.

sinostar pec

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