In the first three quarters, carbon black company profit increased by 61.86%

18 October 2021 | Source from China Rubber Web

On October 14, Shandong Link Science & Technology Co., Ltd. issued a performance forecast for the first three quarters of 2021, achieving a net profit attributable to shareholders of listed companies of approximately 117 million yuan, an increase of approximately 61.86% year-on-year (the same below). From July 1, 2021 to September 30, 2021, the net profit attributable to shareholders of listed companies was approximately 23 million yuan, a decrease of approximately 43.53%.

Link S&T stated that the performance growth was mainly due to the continuous increase in the prosperity of the carbon black industry during the reporting period and the continuous increase in the price of carbon black products. The company seized market opportunities and maintained a year-on-year growth in the operating income and profitability of carbon black products, which improved the profitability.

Link S&T's third-quarter performance was affected by factors such as rising raw material prices and market conditions, and the overall performance growth rate slowed down, with a year-on-year decline.

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