Shandong Polymer Biochemicals Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 23, 2019 at 03:44 am EDT
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Shandong Polymer Biochemicals Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 338.947 million compared to CNY 298.909 million a year ago. Operating income was CNY 2.074 million compared to operating loss of CNY 25.511 million a year ago. Net income was CNY 620,174.64 compared to net loss of CNY 25.588 million a year ago. Basic earnings per share from continuing operations was CNY 0.001 compared to basic loss per share from continuing operations of CNY 0.0418 a year ago.
Shandong Polymer Bio-chemicals Co., Ltd. is a China-based company principally engaged in the businesses of energy and environmental protection. The Company operates through three main segments. The Chemical Products segment is mainly engaged in the production and sales of polyacrylamide and related chemicals for tertiary recovery and water treatment. The Oil and Gas Exploration and Development and Technical Services segment is mainly engaged in the exploration and development of oil and gas, as well as the provision of technical services, including comprehensive completed wells and oil and gas field production comprehensive management and others. The Environmental Water Treatment segment is mainly involved in the treatment of petroleum and petrochemical waste water, oil and sand, drilling fluid, fracturing fluid and others.
SHANDONG POLYMER BIOCHEMICALS CO., LTD. 
