Crown Asia Chemicals Posts 86% Revenue Growth for 2Q 2021

Crown Asia Chemicals Corp. (PSE: CROWN) ended the second quarter with stronger revenues and earnings compared to same period in both 2019 and 2020.

Compared to same period in 2019, the pre-pandemic year, revenues and earnings grew by 22% and 41%, respectively. Matched against the performance for the period ending June 30, 2020, revenues grew by 86% while earnings grew by 140%.

The growth performance was mainly due to robust sales and marketing efforts, as well as secured cooperation with business partners and stakeholders.

Management pointedly refers to the cohesive teamwork and hardworking efforts of the entire CROWN Community (CROWN Family). Credit also goes to different stakeholders who continue to trust and remain confident in the Company’s integrity and resiliency.

Crown Asia Chemicals continues with its capacity expansion and new product offers, internal operational enhancements and employees security measures. Full employment was not reduced in any way ensuring financial security for all Company employee.

During its Annual Stockholders Meeting last June 18, 2021, the company assured stakeholders that business remains on track in spite of the difficulties from the COVID-19 pandemic.