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.
Click here to receive FREE breaking news email alerts for Keyuan Petrochemicals Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News