Upgraded portfolio and lower feedstock price drives up 2019 profits at Maysta

Nanjing, Jiangsu – Maysta Chemical, China’s largest polyurethane surfactant maker, estimates its 2019 net profit will be between CNY69m and CNY 78m ($10m to $11m). This is an increase of between 70% and 90% compared with 2018.
 
Net profit for 2019, less non-recurring items, is expected to range between CNY 56m and CNY 61m, representing a rise between 120% and 140%, according to a Maysta statement in January.
 
In 2019, Maysta set up a research institute, and had an array of newly developed mid- to higher-end products. These came to market within the year, and helped increase revenue.
 
‘The average feedstock price in 2019 was significantly lower compared with a year ago, further boosting the company’s profit margin,’ the statement added.
 
Maysta also posted substantial year-on-year growth in exports.
 
The company had resumed full operation on 10 February, after the extended Chinese New Year holiday, according to its website.