Ko Yo Chemical Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022
mainly attributable to the increase in the gross profit margin of the Group's products. The increase in average price of chemical products and chemical fertilisers for the six months ended 30 June 2022 as compared with the same corresponding period last year were driven by the increase in prices of crude oil and crude oil-related raw materials, have led to the increase in the selling price of the Group's products and the gross profit margin of the Group's products. The average gross profit margin of the Group's products for the six months ended 30 June 2022 is expected to be approximately 30.9% whereas the average gross profit margin of the same period last year was approximately 21.6%.