Tsaker Chemical Group Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2019
August 01, 2019 at 08:19 pm IST
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Tsaker Chemical Group Limited provided group earnings guidance for the six months ended June 30, 2019. The board of directors of the company inform the shareholders of the company and potential investors that the Group is expected to record not less than RMB 395 million of net profit attributable to the Shareholders for the six months ended 30 June 2019, which would represent a significant increase of not less than RMB 273 million or not less than 225% as compared with that of the same period in 2018, which is RMB 121.5 million. Such increase was mainly attributable to the continuous increase in the average sales price of the Group's dye intermediates since January 2019, which resulted in higher gross profit margin of such segment.
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.