China Kings reports surging profits as fluorspar prices rally
Published: Tuesday, 29 August 2017
Amid supply pressure from environmental protection policy, strong demand in fluorine chemical industry helps support fluorspar prices.
Sales and profits at China Kings Resources
Group, the leading fluorspar company in China, bounced on
rising prices for fluorochemical feedstock.
Revenues rose by 21% year-on-year (y-o-y)
in H1, to Chinese Renminbi (Rmb) 165.83m ($25m), and
net profit increased 21% y-o-y to 33.86m ($5m).