Jiangsu Yida Chemical Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
July 30, 2021 at 01:48 pm IST
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Jiangsu Yida Chemical Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 688.107 million compared to CNY 438.464 million a year ago. Operating income was CNY 74.555 million compared to operating loss of CNY 11.417 million a year ago. Net income was CNY 61.076 million compared to net loss of CNY 7.760 million a year ago. Basic earnings per share from continuing operations was CNY 0.7239 compared to basic loss per share from continuing operations of CNY 0.0984 a year ago.
Jiang Su Yida Chemical Co Ltd is a China-based company principally engaged in research, development, production and sales of alcohol ether and alcohol ether ester organic chemical products. The Company's main products include propylene glycol ether and propylene glycol ether ester products, as well as glycol ether and glycol ether ester products. The Company distributes its products under the brand name, Yida. The Company's products are used in coatings, inks, electronics, copper clad laminates, automotive brake fluids, pesticides, pharmaceuticals, printing, cleaning agents and consumer chemicals.