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Lier Chemical expects that H1 2022 net profit will reach USD156.3 million, up by 107.44% YoY

According to announcement on the sales performance in the first half of 2022 released by Lier Chemical Co., Ltd (Lier Chemical) on 6 July, 2022, the company recorded total operation revenue of USD757.9 million, representing a YoY increase of 60.7%, and registered net profit of USD156.3 million, representing a YoY increase of 107.4%.

 

According to the announcement, the company actively overcame adverse factors, including repeated pandemic outbreaks in China and rising prices of raw materials, organized effective production, continuously improved supply chain and production management capabilities to stabilize production and efficiently and to meet customer demand. Affected by the YoY increase in sales and prices of major products, the company’s total operation revenue, operating profit and net profit all achieved a year-on-year increase in the first half of 2022.


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