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    A7S   SG1U49933948

SUNVIC CHEMICAL HOLDINGS LIMITED

(A7S)
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Sunvic Chemical Holdings Limited Announces audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

03/01/2017 | 05:11pm EST

SunVic Chemical Holdings Limited announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of RMB 720,956,000 against RMB 409,659,000 a year ago. Loss from operating activities was RMB 2,278,000 against RMB 651,132,000 reported last year. Loss before income tax was RMB 19,343,000 against RMB 672,770,000 reported last year. Net loss attributable to owners of the company was RMB 79,704,000 or 14.9 cents per basic and diluted share compared to RMB 638,293,000 or 120.0 cents per basic and diluted share in the same period last year. Cash flow used in operating activities was RMB 4,240,000 against cash from operating activities of RMB 209,582,000 reported last year. Purchase of property, plant and equipment was RMB 42,218,000 against RMB 20,605,000 reported last year. For the year, the company reported revenue of RMB 2,133,553,000 against RMB 2,167,234,000 a year ago. Loss from operating activities was RMB 656,728,000 against profit from operating activities of RMB 656,728,000 reported last year. Loss before income tax was RMB 116,708,000 against RMB 764,474,000 reported last year. Net loss attributable to owners of the company was RMB 179,199,000 or 33.6 cents per basic and diluted share compared to RMB 777,676,000 or 145.5 cents per basic and diluted share in the same period last year. Cash flows from operating activities were RMB 313,011,000 against cash flow used in operating activities of RMB 19,690,000 reported last year. Purchase of property, plant and equipment was RMB 57,593,000 against RMB 530,890,000 reported last year. Revenue was mainly due to decrease in revenue from sale of acrylic acid and acrylate esters as well as PMIDA and glyphosate by RMB 32.2 million and RMB 77.7 million respectively, which were partially offset by an increase in revenue from sale of other chemical products by RMB 76.2 million.


ę S&P Capital IQ 2017
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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