China BlueChemical (HKG:3983) expects to record a net profit attributable to owners of between the range of 670.0 million yuan to 700.0 million yuan for the six months ended June 30, lower than the 1.72 billion yuan in attributable net profit from the corresponding period last year, a Monday filing with the Hong Kong Exchange said.
The company attributed the decrease to a decrease in sales of urea and a decline in prices for the company's main products like phosphate and compound fertilizers.
The company's shares were down over 2% on Monday's close.
Price (HKD): $2.11, Change: $-0.05, Percent Change: -2.31%
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