DONGGUANG CHEM (01702) issues a positive profit alert, expecting a year-on-year increase of approximately 55% in net profit for the first half of the year.
Dongguang Chemical (01702) announced that it expects the group's net profit for the six months ending June 30, 2026, to grow by approximately 55% compared to the same period in 2025. The anticipated growth in net profit is primarily due to the combined effects of the following factors: (i) an increase in revenue leading to higher overall gross profit and gross profit margin, and (ii) gains from hedging in urea futures.
DONGGUANG CHEM (01702) announced that it expects the group's net profit for the six months ending June 30, 2026, will increase by approximately 55% compared to the same period in 2025. The anticipated growth in the group's net profit is primarily due to the combined effects of the following factors: (i) increased revenue leading to higher overall gross profit and gross profit margin, and (ii) gains from urea futures hedging.
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