Tiande Chemical Holdings (HKG:0609) expects an attributable profit of between 36 million yuan and 42 million yuan for the six months ending June 30, down 75% to 78% from 166.1 million yuan a year prior, a Friday bourse filing said.
The specialty chemicals manufacturer cited a further decrease in the selling price of its products, which led to a lower gross profit and gross profit margin, as the primary reason for the gloomy forecast.
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