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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