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                    [ArticleID] => 365396
                    [Title] => Biodiesel to boost Chemrez earnings by 38% this year
                    [Summary] => 



Chemrez Technologies (formerly known Corro-Coat Inc.) is eyeing a net profit of P131.62 million this year, up by 38 percent from P95.54 million in 2005, mainly due to the consolidation of earnings from powder coating, resins and oleo-chemicals, as well as the full operation of its new biodiesel plant.


Revenues are likewise seen to grow to P2.67 billion this year from P2.37 billion a year ago.


For 2007, net profit is projected to increase further to P536.67 million while revenues are seen to rise to P4.72 billion.


                    [DatePublished] => 2006-10-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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BIOFUEL BILL

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                    [ArticleID] => 365396
                    [Title] => Biodiesel to boost Chemrez earnings by 38% this year
                    [Summary] => 



Chemrez Technologies (formerly known Corro-Coat Inc.) is eyeing a net profit of P131.62 million this year, up by 38 percent from P95.54 million in 2005, mainly due to the consolidation of earnings from powder coating, resins and oleo-chemicals, as well as the full operation of its new biodiesel plant.


Revenues are likewise seen to grow to P2.67 billion this year from P2.37 billion a year ago.


For 2007, net profit is projected to increase further to P536.67 million while revenues are seen to rise to P4.72 billion.


                    [DatePublished] => 2006-10-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Biodiesel to boost Chemrez earnings by 38% this year

By Zinnia B. Dela Peña | October 27, 2006 - 12:00am

Chemrez Technologies (formerly known Corro-Coat Inc.) is eyeing a net profit of P131.62 million this year, up by 38 percent from P95.54 million in 2005, mainly due to the consolidation of earnings from powder...

Business