Lier Chemical sales up 26% in Q3

By CnAgri2012-11-01 19:05:19 Print
For the first nine months, company sales grew by 34.2% to Yuan 874 million. The net profit attributable to shareholders of listed companies reached Yuan 70 million, up 19.6%.

Lier Chemical is mainly engage in R&D, production and sale of chloropyridine herbicide. Recently, company has been awarded two government subsidies of Yuan 7.5 million and Yuan 3 million for two ongoing projects, upgrade equipment for a 600 tonnes/y production facility for the herbicide, glufosinate-ammonium and the construction of a pyridine pesticide wastewater treatment plant. Company said, company’s main products sold well due to the higher demand, and company upgraded its main products manufacturing plants, lead to improvement of production efficiency, enhancement of supply ability, as to sales increased considerably.

The company expects to see the net profit of Yuan 83.5 million to 104.4 million attributable to shareholders of listed companies.