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Tiande Chemical Holdings profit down on cost rise

[2008-4-10]

Tiande Chemical Holdings Limited<609>, a fine chemical producer, on Friday reported a decrease of 63% in 2007 net profit due to rising costs on materials and labor force and dropping products prices.Net profit for last year stood at RMB 21.6 million or RMB 0.054 per share, compared with RMB 58.44 million a year earlier. However, revenue climbed 13.9% to RMB


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