2007-6-18 02:14:00 p.m. HKT, XFNA
China's ShengdaTech expects 2007 net profit to rise 31-37 pct on strong sales
BEIJING (XFN-ASIA) - ShengdaTech Inc (NASDAQ: SDTH), a manufacturer of nano precipitated calcium carbonate (NPCC) and coal-based chemical products, said it expects net profit to rise by between 31 pct and 37 pct this year to as much as 24.4 mln usd on strong chemical sales.
It said revenue should rise around 32-35 pct to up to 98 mln usd.
The company markets and sells its coal-based products mainly for chemical fertilizers and raw materials used in organic and inorganic chemical products, including formaldehyde and pesticides.
andrew.pasek@xinhuafinance.com xfnap/xfnjanm
5.55 Open: 4.95 Mkt Cap: 300.23M P/E: 15.42
High: 6.25 52Wk High: 8.25 F P/E: N/A
+0.86 (18.34%) Low: 4.69 52Wk Low: 3.55 Beta: -7.21
Jun 15 - Close
China's ShengdaTech expects 2007 net profit to rise 31-37 pct on strong sales
BEIJING (XFN-ASIA) - ShengdaTech Inc (NASDAQ: SDTH), a manufacturer of nano precipitated calcium carbonate (NPCC) and coal-based chemical products, said it expects net profit to rise by between 31 pct and 37 pct this year to as much as 24.4 mln usd on strong chemical sales.
It said revenue should rise around 32-35 pct to up to 98 mln usd.
The company markets and sells its coal-based products mainly for chemical fertilizers and raw materials used in organic and inorganic chemical products, including formaldehyde and pesticides.
andrew.pasek@xinhuafinance.com xfnap/xfnjanm
5.55 Open: 4.95 Mkt Cap: 300.23M P/E: 15.42
High: 6.25 52Wk High: 8.25 F P/E: N/A
+0.86 (18.34%) Low: 4.69 52Wk Low: 3.55 Beta: -7.21
Jun 15 - Close
