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HaiKe sees profits in line
Mon, 01 Dec, 2008
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HaiKe sees profits in line
Wed, 12 Dec 2007, 11:19:00
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China-based chemical and biochemical business <b>HaiKe</b> said it expects profits for the year to be in line with expectations. <br /><br />The group said its speciality chemical and biochemical businesses continue to trade strongly and capacity expansion projects previously announced remain on track to provide further growth during 2008.<br /><br />HaiKe has seen significantly improved performance from its petrochemical business after the Chinese government said it will increase its guideline selling price for certain refined petrochemical products from November 2007. <br /><br />"This has been an exciting and important year for HaiKe and excellent progress has been made across all businesses," said executive chairman Yang Xiaohong.<br /><br />"We have been able to deploy the funds raised at the time of admission to AIM in February to significantly enhance and improve the performance of the business," he added.
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