Profit of Veyong Bio-Chemical jumps in H1 2012

By CnAgri2012-08-07 16:20:59 Print

Chinese pesticide company Hebei Veyong Bio-Chemical Co., Ltd announced its performance forecast for the first half year of 2012 starting from 1 January to 30 June, expecting 50% increase of net profit attributable to shareholder of listed companies. The net profit attributable to shareholder of listed companies in 2011 was Yuan 22.07 million.

Veyong states that the reasons for the performance variations lie on the following: reduced cost of production by technical innovation resulting in less synthesis consumption, reduced crude oil price and raw materials; improved profitability from pesticide and veterinary drug by restructuring of product range and sales of more value-added products; grown sales from increased exports to international market.