29th Jan 2016 08:42
LONDON (Alliance News) - Chinese chemicals company GTS Chemical Holdings PLC on Friday said its revenue grew in 2015, with strong growth in specialty chemicals and lubricant oils production, and said it intends to hike its final dividend payout.
GTS said its revenue for the full year rose 32%, driven by 30% growth in specialty chemicals sales and by 52% growth in sales of lubricant oils. Recarburiser sales were flat in the year, GTS said.
Gross margins were maintained in the year, GTS said, and it commissioned a new, higher-capacity chemicals production line in January.
The group also expects to push up its final dividend for 2015, from 1.8 pence a year earlier. It did not provide any guidance on how much more it intends to pay out.
Shares in the company were up 8.2% to 66.56 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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