China Sanjiang (HKG:2198) Expects Net Profit to Rise 50% in 2011


China Sanjiang Fine Chemicals (HKG:2198) says that it expects net profit attributable to equity holders for the year ended 31 December 2011 to increase by approximately 50% compared to the net profit of RMB266.1 million for 2010.

The expected increase in net profit as primarily attributable to the increase in production capacity and sales volume after the commencement of commercial operation of the third phase ethylene oxide production facilities on 24 May 2011, and the decrease in net finance costs as a result of the improvement of the group's overall cash position and gearing after its listing on the Stock Exchange on 16 September 2010.

The group's audited final results for the year ended 31 December 2011 are expected to be announced in the middle of March 2012.


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