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Hailir predicts 50-100% increase in net profit in 2017qrcode

Feb. 2, 2018

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Hailir predicts 50-100% increase in net profit in 2017

 Hailir Pesticides and Chemicals Group recently announced its business increase estimation for 2017, predicting an increased profit of Yuan146 million, attributable to the shareholder, which is Yuan73 million more than that of the previous year, up 50–100% year on year.
 
The announcement attributes the increase to the improved business operations of the major businesses. In 2017, the demand boomed in the pesticide market again. In the meantime, prices of major products, such as imidacloprid technical and acetamiprid technical, of the company went up due to national environmental policies. Also, from the management perspective, the company attached importance to environmental and safety management while making continuous improvement to the production process. As a whole, the quality of business operations was improved and a significant business growth was achieved.
 
Some time ago, Hailir issued its 2017 semi-annual business report, showing 50% price rise in the company’s imidacloprid technical and acetamiprid technical in the first half of the year, which greatly enhanced the business performance in the first half. In the first half of 2017, the company’s 1,000-ton pyraclostrobin project was by and large completed, which will be brought into trial production once the project completion acceptance is concluded.
 

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