Tsaker Chemical Group Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016
March 29, 2017 at 06:36 pm IST
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Tsaker Chemical Group Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company’s revenue was RMB 1,041,142,000 compared to RMB 880,270,000 a year ago. Profit before tax was RMB 154,458,000 compared to RMB 141,353,000 a year ago. Profit attributable to owners of the parent was RMB 120,921,000 or RMB 0.24 per basic and diluted share compared to RMB 97,470,000 or RMB 0.22 per basic and diluted share a year ago. Net cash flows from operating activities were RMB 171,310,000 compared to RMB 87,517,000 a year ago, such increase was mainly due to in 2015, the Group prepaid income tax and settled income tax for the year 2014, and the profit before taxation recorded by Tsaker Dongying compensated loss in the previous year, resulting income tax expense for 2016 decreased by approximately RMB 79.6 million as compared with 2015. In addition, interest income incurred from foreign RMB time deposits in 2016 increased by approximately RMB 9.6 million as compared with that of 2015. Purchases of items of property, plant and equipment was RMB 229,577,000 compared to RMB 291,882,000 a year ago. Purchase of other intangible assets was RMB 117,000 compared to RMB 32,729,000 a year ago.
Tsaker New Energy Tech Co Ltd, formerly TSAKER CHEMICAL GROUP LIMITED, is a China-based company principally engaged in the manufacture and sale of dye and agricultural chemical intermediates. The Company operates through four segments. The Dyestuffs and Agrochemical Intermediates segment is principally engaged in the production of dye intermediates for the production of dye-related products and products for the production of agrochemicals. The Pigment Intermediates segment is mainly engaged in the production of pigment intermediate products for pigment production. The Battery Materials segment is principally engaged in the production and sales of battery materials. The Other segment is mainly engaged in environmental protection technology consulting services engaged in environmental protection business.