Article: LIUGUO CHEMICAL H1 NET PROFITS ROCKETED 299%


AsiaInfo Services
07-31-2008
Liuguo Chemical H1 Net Profits Rocketed 299%

TONGLING, Jul 31, 2008 (SinoCast via COMTEX) -- Chinese chemical fertilizer producer Anhui Liuguo Chemical Co., Ltd. (SHSE: 600470) says today that it reaped net profits of CNY 74 million in the first half of 2008, 299.03% more than a year ago.

Revenue from major businesses amounted to CNY 1.566 billion, up 133.62% year on year. Operating revenue skyrocketed 320.14% to CNY 111.5175 million. Basic earnings per share stood at CNY 0.33. Besides, sales of compound fertilizer and mono-ammonium phosphate (MAP) sale both leaped in the period.

Domestic chemical fertilizers prices hiked in January-June, especially those of ...

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