Keyuan Petrochemicals Inc. (KEYP.PK), Friday, reported a loss for the fourth quarter compared to a profit last year, mainly affected by higher raw material prices.
The China-based company reported a fourth-quarter net loss attributable to common shareholders of $100 thousands or $0.00 per share, compared to a net profit of $6.2 million or $0.11 per share last year.
Total revenues for the quarter grew 4.2 percent to $164.4 million from $158.0 million in the prior-year quarter.
Looking ahead, the company expects full-year net income of $30 million and revenues of $880 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.