Daodaoquan Sold 300,000 Tons of Packaging Oil in 2017, Revenue Reached RMB 3.3 Billion

By CnAgri2018-05-16 10:24:24 Print Daodaoquan Grain and Oil Corp reported revenue of RMB 3.3 billion for 2017, up 23% year on year, mainly due to an increase of packaging oil sales by 7% to 300,000 tons. The net profit was RMB 190 million, down 7% year on year, mainly due to the impact of rising raw material prices.The company reported revenue of RMB 840 million for the first quarter of 2018, up 28% year on year. The net profit was RMB 53.76 million, up 5% year on year. The company is expected to achieve a revenue of RMB 3.8 - 4 billion and the sales volume of small package oil may reach 350,000 tons in 2018.