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Electronic Gas Company Versum (Haizhun Materials) Continued To Grow In The Second Quarter May 25, 2018

In gas news, Versum (Version Materials), the US electronic gas company, recently released the second quarterly report of 2018, and Versum achieved operating income of US$341 million in the quarter, a year-on-year increase of 25.8% in the second quarter of 2017, which was the second quarter of 2018. In the first quarter, it was US$331 million, an increase of 3.0%; net profit was US$61.6 million, an increase of 37.2% compared to the second quarter of 2017, an increase of 231.2% from the first quarter of 2018; and the second quarter of 2018 was a net profit of 18.1%, which was comparable to The second quarter of 2017 increased by 1.5 percentage points. 

 

The Versum Materials Business Segment includes the E-Special Gas Precursor Business and the CMP Abrasives Business, which achieved operating revenue of US$219 million in the second quarter of 2018, an increase of 10.4% from the second quarter of 2017 and an increase of 1.9% from the first quarter of 2018; The gas transportation and service business segment realized revenue of US$121 million in the second quarter of 2018, a year-on-year increase of 68.9% from US$71.7 million in the second quarter of 2017 and an increase of 5.2% from the first quarter of 2018; the company’s material business segment reported a growth in revenue. Contributions come from double-digit growth in market demand, while negative price effects have a negative impact. Exchange gains contribute 2% of revenue growth; transfer pricing negatively affects EBITDA in the material business sector, while Asia expands business and parent company business. The higher sales, management and R&D expenses resulting from the divestment have a negative impact on the material business segment. 

 

The electronic specialty gas precursor is an indispensable core material in the processing of DRAM and NAND-Flash memories, and some of the categories belong to the downstream customers of custom products. American Air Products (APD.N) Company entered the field of electronic specialty gases as early as the 1970s. Its subsidiary, VSM, achieved a delisting from Air Products in 2017. The electronic specialty gas market has a 25% market share.http://www.wxytgas.com/