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China Sunsine reports more than doubling of 1Q18 earnings to $31 mil on higher selling prices

PC Lee
PC Lee4/25/2018 07:25 PM GMT+08  • 2 min read
China Sunsine reports more than doubling of 1Q18 earnings to $31 mil on higher selling prices
SINGAPORE (Apr 25): China Sunsine Chemical, the producer of rubber accelerators, reported a more than doubling of 1Q18 earnings to RMB149.5 million ($31 million) from a year ago.
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SINGAPORE (Apr 25): China Sunsine Chemical, the producer of rubber accelerators, reported a more than doubling of 1Q18 earnings to RMB149.5 million ($31 million) from a year ago.

The bottomline improvement came on the back of a 49% increase in revenue to RMB 856.9 million due to higher average selling price (ASP) and strong sales volume.

Average selling prices in 1Q18 increased by 34% to RMB 23,168 per ton from RMB 17,300 per ton a year ago, and by 4% as compared to that in 4Q17.

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