Jiutian Chemical Group has guided that it will see a “significant increase” on a y-o-y basis in its net profit after tax in the FY2021 ended December.
The growth is mainly due to the increase in both average selling price (ASP) and sales volume of the company’s main products.
During the year, Jiutian Chemical Group continued to see strong demand for its dimethylformamide (DMF) and methylamine from the start of 2021 as China’s post Covid-19 economic recovery gathered momentum in FY2021.
The company’s results will be released around Feb 28.
Shares in Jiutian Chemical closed at 8.7 cents on Feb 4.
