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Lier Chemical: net profit up by 52.4% to USD22.4 million in H1 2017

Lier Chemical Co., Ltd. (Lier Chemical) released its 2017 semi-annual financial figures:

²  Revenue: +32.7% year on year to USD182.7 million

²  Net profit: +52.4% year on year to USD22.4 million

 

Lier Chemical to raise USD128.4 million for production expansion projects

On 17 Aug., 2017, Lier Chemical Co., Ltd. (Lier Chemical) announced its decision to issue convertible bonds to raise funding of ≤USD128.4 million for the construction of its 10,000 t/a glufosinate-ammonium TC, 1,000 t/a epoxiconazole TC, and 1,000 t/a flumioxazin TC production projects, as well as the corresponding supporting facilities.

 

Lier Chemical: net profit up by 50%+ in 2016

Lier Chemical Co., Ltd. (Lier Chemical) released its full-year 2016 financial figures. Specifically, it made revenue of USD287.3 million and net profit of USD30.2 million, up by 33.1% and 50.5% YoY.

 

Net profit of Lier Chemical during Q1-Q3 2016 increases by 21.4%

In the first three quarters of 2016, the revenue and net profit of Lier Chemical Co., Ltd. (Lier Chemical) reached USD208.5 million and USD20.0 million, which increased by 28.1% and 21.4% year on year respectively.

 

Lier Chemical: net profit up 10.6% YoY to USD14.8 million in H1 2016

On 26th July, 2016, Lier Chemical Co., Ltd. (Lier Chemical) released its first half-yearly report in 2016. In first-half 2016, Lianhetech had revenue of USD138.5 million, up 13.5% over the same period last year and the shareholders’ net profit of listed companies also increased 10.6% YoY to USD14.8 million.

 

Lier Chemical: first domestic registrant of aminopyralid

According to information from the Institute for the Control of Agrochemicals, Ministry of Agriculture of China (ICAMA), on 16 March, 2016, Lier Chemical Co., Ltd. (Lier Chemical) registered 95% aminopyralid technical, becoming the first domestic registrant of the product in China.

 

Lier Chemical: production capacity of glufosinate-ammonium TC in Mianyang base to reach 5,000 t/a

On 27 February, 2016, Lier Chemical Co., Ltd. (Lier Chemical) announced the decision to raise USD15.0 million for the technological reconstruction and capacity expansion of the glufosinate-ammonium TC project located in Mianyang base (Sichuan Province). Accordingly, it is expected to be put into operation in September this year.

 

Lier Chemical: new subsidiary established to promote glufosinate-ammonium formulations

On 28 Dec., 2015, Sichuan Lier Crop Science Co., Ltd. (Lier Crop Science, the wholly-owned subsidiary of Lier Chemical Co., Ltd.) held a commencement ceremony for the Company and a new product release conference for “Xianniu®” in Mianyang City, Sichuan Province. Approximately 150 participants were in the ceremony, including outstanding dealers and guests, together witnessing the important moment.

 

Lier Chemical witnesses USD14.5 million net profit with 22.1% YoY growth in H1 2015

In July 2015, Lier Chemical Co., Ltd. (Lier Chemical) publicized its financial semi-annual report of H1 2015. In the reported period, Lier Chemical's sales revenue was USD132.2 million, up 11.0% YoY while its net profit was USD14.5 million, up 22.1% YoY. At the same time, the company expected the YoY growth of net profit in Jan.-Sept. 2015 will be 10% to 40%, with sales performance slight higher than expectation.

 

Lier Chemical quickens capacity expansion for glufosinate-ammonium

On 28 October, 2014, the Board of Directors of Lier Chemical Co., Ltd. (Lier Chemical) passes a bill on constructing a production line of intermediate of glufosinate-ammonium with a capacity of 1,000t/a and conducting technological upgrade and capacity expansion for the supporting facilities.