Net profit of Lier Chemical during Q1-Q3 2016 increases by 21.4%
Date:11-22-2016
By Think Real - In the first three quarters of 2016, the revenue and net profit of Lier Chemical Co., Ltd. (Lier Chemical) reached USD208.5 million and USD20.0 million, which increased by 28.1% and 21.4% year on year respectively.
According to the company’s financial report, in the third quarter of the year, the company’s revenue and net profit hit USD72.1 million and USD5.5 million, which grew by 68.8% and 63.7% year on year respectively. The company also predicts that in the whole year of 2016, its net profit will be USD22.6 million-USD28.8 million, up by 10%～40% year on year. The performance improvement is mainly benefited from the increasing sales volume of some pesticide technical like glufosinate-ammonium and the better performance of its subsidiary Jiangsu Kuaida Agrochemical Co., Ltd.
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