Yip's Chemical shows net profit increase by 20%

Yip’s Chemical Holdings Ltd., a Hong Kong-listed company involved in the manufacture and trade of petrochemical products in China, revealed that its net profit for the first half of 2012 increased 20% year-on-year to HKD124 million (US$15.9 million). Yip’s saw its turnover grow by 7% year-on-year to HK$4.05 billion (US$522 million). The company declared earnings per share of HK$0.22 (US$0.02), and will distribute an interim dividend of HK$0.1 (US$0.01). (August 28, 2012)