Asia
Shinghwa Advanced Material Expects to Return to Profit in Q1; Shares Soar 10%
Shida Shinghwa Advanced Material Group (SHA:603026) expects to return to profit in the first quarter, with a net profit attributable to shareholders ranging between 260 million yuan and 310 million yuan, according to a Shanghai bourse filing on Tuesday.The attributable loss a year earlier was 28.5 million yuan, or 0.14 yuan per share.Shares of the producer of basic organic chemical products soared 10% during the morning trade.
SHA:603026
