Shandong Rike Chemical Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 06:04 am EDT
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Shandong Rike Chemical Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 493.966 million compared to CNY 506.686 million a year ago. Operating income was CNY 75.062 million compared to CNY 34.685 million a year ago. Net income was CNY 56.277 million compared to CNY 26.343 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.06 a year ago.
Shandong Rike Chemical Co.,LTD. is a China-based company principally engaged in the research, development, production and sale of polyvinyl chloride (PVC) plastic modifier products. The Company's main products include Acrylic Additives (ACR) Impact Modifier, Acrylic chlorinated polyethylene Modifier (ACM) Low Temperature Toughening Agent and Acrylic-Methyl Methacrylate-Butadiene (AMB) Impact Modifier. The Company's products are mainly used in various kinds of plastic profiles, pipes, plates, profiles and foam materials. The Company distributes its products in domestic market and to overseas markets.
SHANDONG RIKE CHEMICAL CO.,LTD. 
