Limin Chemical: net profit to increase by 90.7% YoY to USD40.4 million in Q1-3 2019
Date:11-20-2019
By Think Real -
Limin Chemical Co., Ltd. (Limin Chemical) announced that it achieved revenue of USD284.5 million, an increase of 86.7% year on year, and net profit of USD40.4 million, an increase of 90.7% year on year in the first three quarters of 2019.
Limin Chemical said that the construction of several new projects of the company is proceeding smoothly:
The dinornoconazole project with an annual output of 500 tonnes per year is expected to be completed and put into operation in the first quarter of 2020;
The 10,000 t/a water-based pesticide formulation project is in the process of design;
The 10,000 t/a metiram DF of subsidiary Hebei Shuangji Chemical Co., Ltd. is expected to be officially put into operation in early 2020;
The 4th chlorothalonil production line of the shareholding company Jiangsu Xinhe Agricultural Chemical Co., Ltd. is underway and is expected to be completed and put into operation in the third quarter of 2020.
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