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Fabchem China’s 1Q net rises 70% to $4.12m

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Mainboard-listed Fabchem China, one of the largest non-electric detonators producers in China, says the group’s 1Q2010 net profit after tax soared 69.5% to RMB 19.6 million ($4.12 million) from RMB 11.6 million in 1Q2009.

This was achieved on the back of strong revenue of RMB 83.2 million in 1Q2010, which jumped 73.1% from RMB 48 million in 1Q2009.

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