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Lier Chemical’s net profit increased 93.01% in 2017
Jan. 25, 2018
Lier Chemical Co., Ltd.
ChinaFollow
China
|
Item
|
2017（Yuan 000,000）
|
2016（Yuan 000,000）
|
Change（%）
|
|
Gross revenue
|
3,083.5479
|
1,982.3026
|
55.55
|
|
Operating profit
|
525.0127
|
244.2807
|
114.92
|
|
Total profit
|
511.5663
|
258.3841
|
97.99
|
The business report shows the company witnessed a high demand for its products in the market during the year. In the meantime, the company’s annual 5,000-ton glufosinate technical capacity renovation has been completed, securing supplies to the market. Lier Chemical also announced plans to build a 10,000-ton glufosinate technical project with an investment of more than Yuan852 million. The project will increase the glufosinate capacity of Lier Chemical from the present 5,000 tons per year up to 15,000 tons per year. The completion of this plan will reinforce the company’s largest glufosinate technical capacity status in China.
Source: AgroNews
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