Asia Carbon reports increase in Q3 revenues

ERJ staff report (DS)

New York - Revenues at Asia Carbon for the three months ended September 30, 2012 increased 15 percent to $12,699,296 from $10,997,216 for the same period in 2011. Gross profit increased 3 percent to $2,700,188 in the third quarter of 2012 from $2,632,928

Tonnage sales of carbon black increased to 13,343 tons in the quarter ended September 30, 2012, up 21 percent from 10,988 tons in the same period in 2011. In particular, sales of naphthalene oil more than doubled in the period, to 1050 tonnes.

Yao Guoyun, Asia Carbon's Chairman of the Board and Chief Executive Officer, commented "We expect demand for our speciality carbon black to continue to improve in conjunction with China's economy, more specifically the automotive and tyre sectors."

Asia Carbon Industries Inc makes and sells carbon black products under the brand name "Great Double Star."

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Press release from Asia Carbon