Jilin Chemical Industrial Company Limited Profit Estimate
12 Outubro 2004 - 11:03AM
PR Newswire (US)
Jilin Chemical Industrial Company Limited Profit Estimate JILIN
CITY, Hong Kong, Oct. 12 /PRNewswire-FirstCall/ -- The Board of
Directors of the Jilin Chemical Industrial Company Limited (the
"Company") (HKSE: 368, NYSE: JCC) announces that the Company
disclosed in its interim report for the six months ended 30 June
2004 that its net profit for the period from January to September
2004 increased by 200% - 250%, as compared with the corresponding
period last year. However, due to the recent increases in
international crude oil prices which have resulted in corresponding
increase in the price and sales volume of petrochemical products
and synthetic rubber products, the net profit of the Company as
shown in its financial statement for the period ended 30 September
2004 exceeded the above forecast. Based on the preliminary
financial figures of the Company, the net profit of the Company for
the nine months ended 30 September 2004 is expected to increase by
400% to 450%, as compared with the corresponding period last year
(earnings per share was RMB0.10). The results of the Company for
the nine months ended 30 September will be disclosed in the third
quarterly report of the Company to be published on 27 October 2004.
This press release contains statements of a forward-looking nature.
These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. You can
identify these forward- looking statements by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. The accuracy of
these statements may be impacted by a number of business risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated, including risks related to:
the risk that the PRC economy may not grow at the same rate in
future periods as it has in the last several years, or at all,
including as a result of the PRC government's macro-economic
control measures to curb over-heating; uncertainty as to global
economic growth in future periods; the risk that prices of the
Company's raw materials, particularly crude oil, will continue to
increase but that the Company may not be able to raise its prices
accordingly which would adversely affect the Company's
profitability; the risk that new marketing and sales strategies may
not be effective; the risk that fluctuations in demand for the
Company's products may cause the Company to either over-invest or
under-invest in production capacity in its major production
categories; the risk that investments in new technologies and
development cycles may not produce the benefits anticipated by
management; the risk that the trading price of the Company's shares
may decrease for a variety of reasons, some of which may be beyond
the control of management; competition in the Company's existing
and potential markets; and other risks outlined in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update this
forward-looking information, except as required under applicable
law. For further information, please contact: Jilin Chemical
Industrial Company Limited Mr. Li Chunqing Tel: (86) 432-390 3651
Fax: (86) 432-302 8126 E-mail: Fortune China Public Relations Ltd.
Ms. Gladys Lee Tel: (852) 2838 1162 Fax: (852) 2834 5109 E-mail:
DATASOURCE: Jilin Chemical Industrial Company Limited CONTACT: Mr.
Li Chunqing, Jilin Chemical Industrial Company Limited,
+86-432-390-3651, Fax: +86-432-302-8126, ; or Ms. Gladys Lee,
Fortune China Public Relations Ltd., +852-2838-1162, Fax:
+852-2834-5109, , for Jilin Chemical Industrial Company Limited
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