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    A7S   SG1U49933948

SUNVIC CHEMICAL HOLDINGS LIMITED

(A7S)
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SunVic Chemical Holdings Limited Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

11/14/2016 | 12:18pm EST

SunVic Chemical Holdings Limited announced earnings results for the third quarter and nine months ended September 30, 2016. Revenue in third quarter of 2016 decreased by RMB 15.2 million to RMB 474.7 million compared to RMB 489.9 million in third quarter of 2015. This was mainly due to decrease in revenue from sale of AA & AE and PMIDA & glyphosate by RMB 68.9 million and RMB 4.0 million respectively. This was partially offset by an increase in revenue from sale of other chemical products by RMB 57.7 million. For the quarter, the company reported loss before income tax was RMB 69,590,000 compared with RMB 11,411,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 69,399,000 or 13.00 cents per basic and diluted share compared with RMB 60,393,000 or 11.5 cents per basic and diluted share for the same period a year ago. Cash flow from operating activities was RMB 213,675,000 compared with RMB 254,597,000 for the same period a year ago. Purchase of property, plant & equipment and land use rights was RMB 54,308,000 compared with RMB 272,997,000 for the same period a year ago. For the nine months, the company reported revenues of RMB 1,412,597,000 compared with RMB 1,757,575,000 for the same period a year ago. Loss before income tax was RMB 97,365,000 compared with RMB 91,704,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 99,495,000 or 18.6 cents per basic and diluted share compared with RMB 139,383,000 or 26.3 cents per basic and diluted share for the same period a year ago. Cash flow from operating activities was RMB 317,251,000 compared with cash flow used in operating activities of RMB 220,905,000 for the same period a year ago. Purchase of property, plant & equipment and land use rights was RMB 99,811,000 compared with RMB 334,681,000 for the same period a year ago.


ę S&P Capital IQ 2016
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Managers and Directors
Lihua Sun Chief Executive Officer & Executive Director
Wei Hua Chen Finance Manager
Poh Beng Koh Lead Independent Director
Poh Huat Lua Independent Director
Jennie Liu Manager-Investor Relations