Henan Jinyuan Hydrogenated Chemicals Expects H1 Income to Rise by 40%; Stocks Jump 3%

MT Newswires Live08-09

Henan Jinyuan Hydrogenated Chemicals (HKG:2502) expects the total comprehensive income attributable to the owners to decrease by about 40% for the six months ended June 30, compared with the previous year period, according to a Thursday filing on the Hong Kong bourse.

The company attributed the decrease in income to the decreased gross profit of hydrogenated benzene-based chemicals, the Group's major product, due to its increased price and a different pace against the price of its raw material, crude benzene, for the current period as compared to the corresponding period of the previous year.

The China-based company engaged in the production, processing, and sales of hydrogenated benzene-based chemicals and energy products plans to publish its interim results by the end of August.

The company's shares were up by over 3% in the recent trading.

Price (HKD): $0.62, Change: $+0.02, Percent Change: +3.33%

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