Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Lier Chemical: net profit +60.1% YoY to USD36.5 million in H1 2020qrcode

Aug. 25, 2020

Favorites Print
Forward
Aug. 25, 2020

Lier Chemical Co., Ltd. (Lier Chemical, the largest glufosinate-ammonium manufacturer in China) released the H1 2020 financial report. During this period, the company made revenue of USD335.7 million, up by 14.4% year on year, and net profit of USD36.5 million, up by 60.1% year on year.


“Such beyond-expectation financial figures are a result of the increased price of our main product glufosinate-ammonium and the total decreased cost” stated Lier Chemical.


* Increased price of glufosinate-ammonium: As of July 2020, the domestic quoted price of premium marketed glufosinate-ammonium was USD21,435-22,149/t, and the actual transaction price was USD21,435/t, up by about 40% over that in early this year.


* Total decreased cost: In H1, the company enhanced the control over cost; thus, the expenses of marketing, administration, etc. declined year on year.


Source: Think Real

Picture 0/1200

More from AgroNews

Magazine

2020 India Pesticide Suppliers Guide 2020 Market Insight
Chinese issue of 2020 Market Insight 2020 CRO & CRAO Manual
Chinese issue of 2020 Biologicals Special 2020 Biologicals Special
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.