AnalysisBlack Cat profits fall 90%

Carbon black producer Jianxi Black Cat has reported full-year sales for 2015. Sales fell 22.6% to RMB 4775m, while net profit plunged 82% to RMB 17.4m The decline was blamed on low oil prices and over-capacity in the Chinese carbon black market combined with low demand from Chinese tire companies.   2015 full year Previous