Rongsheng Petrochemical Co Ltd SZSE:002493:
SAYS UNIT PLANS TO SELL ENERGY FIRM TO CO'S CONTROLLING SHAREHOLDER FOR 508.2 MILLION YUAN ($71.90 million)
($1 = 7.0678 Chinese yuan renminbi)
Rongsheng Petrochemical's Unit Plans To Sell Energy Firm To Co's Controlling Shareholder
Earlier from Rongsheng Petrochemical Co., Ltd. Class A
- Rongsheng Petrochemical: Net profit rose 1.34% to ¥888 million despite a 7.09% revenue decline year-over-year
- Rongsheng Petrochemical Q3 Net Profit Up 1,427.9% Y/Y
- Rongsheng Petrochemical: Net profit dropped 29.82% year-over-year as revenue declined and share repurchases continued
- Rongsheng Petrochemical: Net profit rose 6.53% despite a 7.54% revenue drop, with strong cash flow and high investment