Sunvic Chemical narrows Q1 loss as revenue rises
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SUNVIC Chemical Holdings reported on Tuesday a narrowing of its fiscal first-quarter losses.
The manufacturer of intermediate chemical products, such as acrylic acid (AA) and acrylate esters (AE), said its net loss attributable to shareholders decreased to 3.7 million yuan (S$750,600) for the quarter ended March 31, 2017, from a net loss of 60.9 million yuan the year before. This, as its revenue grew 40 per cent to 589.0 million yuan, from 422.3 million yuan.
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