$Jiutian Chemical (C8R.SG)$ As stated in the 1H2023’s commen...
As stated in the 1H2023’s commentary which was announced on 3 Aug 2023, the Group’s financial performance continue affected by the significant downward correction of product prices across all main products of the Group, arising from the double effect of industry wide softening of demand and new production capacity added by the new main competitor in this industry. We expect to continue facing low product prices in FY2024. We will adjust our production volume so as to minimize the losses arising from low product prices in due course
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MiltonWong OP : The Company had declared interim tax-exempt dividend of SGD 0.009 per share in first quarter 2023 and had been paid on 16 June 2023. The Board does not recommend any final dividend for FY2023 as the Group wishes to reserve adequate resources for Company’s ongoing projects and respond to any adverse changes in the macroeconomic environment.