Andy Su net profit fell 48% year-on-year in the first half
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Last Update: 2020-06-28
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Source: Internet
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Author: User
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in the first half of 2017, Andisu's operating income was RMB4,932 million, down 9% YoY, and net profit was RMB577 million, down 48% YoYThe decline in revenue was due to a significant decrease in the price of methionine in the first half of 2017The growth in methionine sales (growth of 9%, above 6% of market demand) and the outstanding performance of the specialty products business offset some of the decline in methionine pricesG9V
Andesu's 50,000-ton "polar" project at its European plant went smoothly on budgetThe project is expected to be completed by the end of 2018Andesu also launched the revolutionary and innovative Rodime ® A-Dry Plus, a new powdered methionine product based on the development of liquid methionine, which allows customers who cannot use liquid methionine due to product or production processes to enjoy the benefits of liquid methionineThe product is expected to be commercialized in early 2018Andesu is actively developing the specialty products business, making it the company's second pillar of the business to improve animal growth and health performanceAndesso is actively exploring innovative products and introduces a new product every yearThe Company believes that the growth potential of specialty products is enormousG9V's operating income in the first half of 2017 was RMB4,932 million, down 9% YoY, and net profit was RMB577 million, down 48% YoYThe decline in revenue was due to a significant decrease in the price of methionine in the first half of 2017The growth in methionine sales (growth of 9%, above 6% of market demand) and the outstanding performance of the specialty products business offset some of the decline in methionine pricesG9V
Andesu's 50,000-ton "polar" project at its European plant went smoothly on budget The project is expected to be completed by the end of 2018 Andesu also launched the revolutionary and innovative Rodime ® A-Dry Plus, a new powdered methionine product based on the development of liquid methionine, which allows customers who cannot use liquid methionine due to product or production processes to enjoy the benefits of liquid methionine The product is expected to be commercialized in early 2018 Andesu is actively developing the specialty products business, making it the company's second pillar of the business to improve animal growth and health performance Andesso is actively exploring innovative products and introduces a new product every year The Company believes that the growth potential of specialty products is enormous G9V
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