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March 28, 2017

Volume 6 Issue 21

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Yip’s Revives Lubes Profit

Yip’s Chemical Holdings Ltd. made a profit of 1.68 million Hong Kong dollars (U.S. $216,000) in 2016 after suffering a HK $26 million loss the year before. Sales revenue was down, but the group said operational improvements led to better gross profit margins.