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China Sunsine posts 18% decline in 4Q earnings to $21.9 mil on lower revenue

Stanislaus Jude Chan
Stanislaus Jude Chan2/28/2019 06:42 PM GMT+08  • 2 min read
China Sunsine posts 18% decline in 4Q earnings to $21.9 mil on lower revenue
SINGAPORE (Feb 28): China Sunsine Chemical Holdings has announced earnings of RMB 108.6 million ($21.9 million) for the 4Q18 ended December, 18% lower than RMB 132.0 million a year ago.
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SINGAPORE (Feb 28): China Sunsine Chemical Holdings has announced earnings of RMB 108.6 million ($21.9 million) for the 4Q18 ended December, 18% lower than RMB 132.0 million a year ago.

This brings full-year earnings to RMB 641.3 million for FY18, 88% higher than RMB 341.3 million a year ago.

4Q18 revenue fell 12% to RMB 770.1 million, from RMB 873.3 million a year ago, despite a 3% growth in sales volume during the quarter.

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