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Fabchem China back to profitability in FY17 on one-off gain

Jude Chan
Jude Chan • 1 min read
Fabchem China back to profitability in FY17 on one-off gain
SINGAPORE (May 30): Commercial explosives manufacturer Fabchem China posted earnings of RMB 1.0 million ($0.2 million) for the full year ended March, reversing out of a loss of RMB 33.8 million a year ago.
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SINGAPORE (May 30): Commercial explosives manufacturer Fabchem China posted earnings of RMB 1.0 million ($0.2 million) for the full year ended March, reversing out of a loss of RMB 33.8 million a year ago.

This was largely attributable to a RMB 30.1 million net gain on disposal of a subsidiary, Hebei Yinguang.

Group revenue fell 25.1% to RMB 148.5 million in FY17, from RMB 198.4 million a year ago.

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