LierChem net profit declined by 23.2% in FY 2010

Date:01-13-2011

Chinese pesticide company LierChem announced on Wednesday its financial results for the year of 2010. The company has achieved revenue of 465 million Yuan, reflecting a growth of 15.74% from last year. Net profit has decreased by 23.2% to 77.68 million Yuan year on year. EPS drop by 24% to 0.38 Yuan.

As the largest supplier of chloropyridines in China, LierChem is one of the fewer agrochemical companies mastered the crucial technology in the world. It has acquired another Chinese agrochemical Kuaida agrochem recently.

As at the close yesterday, company shares raised 3.58% to settle at 17.95 Yuan at SSE.

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