HaiKe Chemical Group expects profit to be 'considerably' ahead of previous year
23rd Jan 2017 08:59
(ShareCast News) - Shares soared in HaiKe Chemical Group as the Chinese firm announced that it expects profit to be "considerably" ahead of the previous year, largely driven by a positive performance in the second half of 2016, while it has also a new chief financial officer. The AIM-listed chemi
Read moreHaike moves to correct major accounting error
6th Sep 2016 16:15
(ShareCast News) - A major accounting error forced Haike Chemical Group to correct its anticipated interim results on Tuesday, to the tune of hundreds of millions of yuan renminbi. The AIM-traded firm had provided an update to the market on 20 July 2016, claiming it had delivered unaudited revenue o
Read moreHaike Chemical profiting from higher-margin focus after tough 2015
31st May 2016 09:51
(ShareCast News) - HaiKe Chemical remained profitable despite selling prices being ravaged by industry oversupply last year and its focus on higher margin products in the fourth quarter has produced encouraging results that have flowed into the new financial year. Tough trading conditions from conti
Read moreHaike Chemical plummets after profit warning on China macro jitters
14th Sep 2015 11:29
(ShareCast News) - Shares in Haike Chemical tumbled after the specialty chemical business said it was at risk of not achieving a profit for full-year 2015. In a trading update ahead of its first-half results, Haike said it expects to report a profit for the period of CNY95,000, versus a loss of CNY3
Read moreHaiKe Chemical Group's shares plummet on annual loss forecast
25th Jan 2013 09:02
HaiKe Chemical Group said Friday it was likely to report an annual loss as weakened demand presented challenges for Chinese operations last year. The China-based chemical and biochemical business said oil refineries were impacted by a sluggish economy for the year to December 31st. A deterioratio
Read moreSmall caps: IndigoVision, Silence Therapeutics, Air Partner...
31st Jul 2012 11:51
Air Partner, a provider of air charter services, has said underlying profit before tax for the year is expected to meet its forecasts. The firm's cost reduction programme is also now nearly complete and will realise 'significant cost savings' in the next financial year, with a one off restructuring
Read moreSmall caps round-up: HaiKe Chemical, Mobile Tornado, GETECH...
17th Jul 2012 10:53
HaiKe Chemical Group, a petrochemical, specialty chemical and biochemical business based in China, has purchased a minority stake in Dongying Hi-Tech Ruilin Chemical for a total consideration of RMB121m (c.12m pounds), taking HaiKe's interest in Hi-Tech Ruilin from 65.7 per centto 88.85 per cent. Hi
Read moreHaiKe's sales slump in weak markets
19th Jun 2012 12:50
HaiKe Chemical Group, the AIM quoted petrochemical, speciality chemical and biochemical business based in China, saw its share price dive 15.5 per cent after revealing that for the first five months in the current year, the sales volume of HaiKe's major products declined by between 50-70 per cent.
Read moreDialight Chairman makes first sale since company listed
28th May 2012 15:59
The Chairman of Dialight, the LED lighting developer, has sold his first batch of shares in the company since the company was listed in 1993. Harry Tee, who made the sale in order to fund an existing financial commitment, earned 955p for each of the 425,000 shares, bagging himself total of £4,058,
Read moreLondon midday: Stocks retreat, Unilever drops after downgrade
11th Jan 2012 11:49
After trading within a narrow 20-point range for most of the morning, it seems if the Footsie has found its direction, dropping around 40 points by midday, with Eurozone concerns once again in the spotlight. Euro-area gross domestic product growth slowed to 0.1% quarter-on-quarter in the third quar
Read moreHaiKe drops on weak margins
11th Jan 2012 10:37
HaiKe, the AIM-listed, China-based chemical company has dropped 11% this morning on news that its profitability for 2011 will be "behind market expectations". HaiKe blames this on falling margins towards the end of the year. Some news from today's update appears positive, with the refinery divisio
Read moreHaike raises stake in subsidiary to over 90%
6th Jun 2011 16:32
China-based petrochemical and biochemical group HaiKe Chemical has bought a furth 29% stake in its subsidiary Shandong Hi-Tech Shengli Electrochemical for RMB22.7m (around $3.5m). The acquisition is in line with the group's strategy to diversify the group business from low margin refining to the do
Read moreHaiKe Chemical pays divi as revenues soar
19th May 2011 13:42
HaiKe Chemical, a China-based manufacturer of petrochemicals, speciality chemicals and biochemical, paid a maiden dividend after returning to profitability in 2010. The company posted a profit of $1.8m (£1.8m) for the year against an identical loss the previous year. Revenue climbed by 132% to $1.3
Read moreHaiKe warns on cost increases
20th Jan 2011 17:35
AIM-quoted HaiKe Chemical says that it has increased revenues and made a small profit in 2010 but worries about cost increases led to the share price falling by more than 30%. Shares in the petrochemicals and chemicals supplier fell 22.5p to 50.5p, which values HaiKe at £19.37m. HaiKe has signif
Read moreLondon close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
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