Chemspec Int (CPC) Declares $0.18/ADS Dividend Mar 11, 2010 10:34AM

Chemspec International Limited (NYSE: CPC) has approved the issuance ...


Chemspec International Limited Announces Fourth Quarter and Full Year 2009 Unaudited Financial Results and Issuance of Dividend Mar 10, 2010 05:00PM

SHANGHAI, March 10 /PRNewswire-Asia-FirstCall/ -- Chemspec International Limited (NYSE: CPC; "Chemspec" or the "Company"), a leading China-based contract manufacturer of highly-engineered specialty chemicals, today announced its unaudited financial results(1) for the fourth quarter and full fiscal year ended December 31, 2009, and guidance for the first quarter of 2010. Upon careful review of the Company's financial and operating prospects in 2010, management has decided and the board of directors has approved the issuance of a dividend of $0.003 per ordinary share ($0.18 per ADS(2)) payable on April 21, 2010 to shareholders of record as of March 31, 2010. Fourth Quarter 2009 Financial Highlights(3) -- Total sales were RMB 177.1 million (US$25.9 million), a decrease of 36.4% from the fourth quarter of 2008 and a decrease of 16.2% from the third quarter of 2009. ...