Brief: Yip's Chemical issues profit warning

Yips Chemical Holdings

25/11/2015 08:43

Nov 25 (Reuters) - Yip's Chemical Holdings Ltd  0408.HK : 
* Profit warning  0408.HK  
* Expected to record a profit for FY ending 31 December 2015 significantly lower than profit for FY ended 31 December 2014 
* Expected to record lower turnover albeit maintaining its sales tonnage for the year ending 31 December 2015 
* Sustained drop of oil price & major raw material prices caused severe negative impact on profitability of co's solvent business 
 
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