HONG KONG – Laminate manufacturer Kingboard Chemical Holdings Ltd. reported 2009 net profit rose 40.5% over 2008, to HK$2.4 billion.

The firm's operating revenue rose 0.4% year-over-year to HK$23.8 billion.

The surge is attributed to strong demand in the Chinese copper foil market.

Earnings on sales of copper foil and PCBs were HK$1.96 billion, up 28% year-over-year.

Sales of PCBs rose 3% to HK$600 million compared to 2008, mainly as a result of acquisitions.

US$1 = HK$7.7629

 

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