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Kingboard Posts H1 Net Profit Up 84%

Published: 15 August 2016
 by Chelsey Drysdale

HONG KONG – Kingboard Chemical Holdings reported net profit for the first half of 2016 of $206.3 million, up 84% year-over-year. Revenue grew 11% to $2.36 billion.

Profit increased as a result of improved demand-supply dynamics in the laminates market, the firm says, which increased 3% gain in monthly shipments to an average of 10 million m2.

Kingboard expects demand for electronics products to remain solid.

Revenue for the chemicals division dropped 20% year-over-year to $606 million, while earnings before tax dipped 7% to $65 million.

Kingboard manufactures laminates, printed circuit boards and chemical products.

 

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