Dentons Lower stakes 39% to $189 million in interim dividend of 1 cent per share
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Last Update: 2020-07-04
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Source: Internet
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Author: User
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Dentons Biochemicals (0809) reported interim results for the year ended June, recording a shareholder-earnings return of $189 million, a decrease of 39.03 percent from the same period last year, with earnings per share of 8.2 cents per share and an interim dividend of 1 cent per shareKong Zhanpeng, executive director ofDentons Biochemicals, said that the overall gross margin fell to 22% from 28% in the same period last year due to a 10% increase in the cost of millet and rice costs over last year, while the gross margin of upstream products also decreased by 45% compared with the same period last yearBut he believes the price of lysine will rise steadily in the second half of the year, with overall gross margin flat from last yearKong Pointed pointed out that the company's production capacity of lysine is 280,000 tons, and this year's actual sales of about 23 to 240,000 tons, the expected second half of the export volume of about 50,000 tons, so there is still room for improvementAs for the limited space for the rising cost of millet in the future, it will have little impactDentons Biochemicals (0809) reported interim results for the year ended June, recording a shareholder-earnings return of $189 million, a decrease of 39.03 percent from the same period last year, with earnings per share of 8.2 cents and interim dividends of 1 cent per shareKong Zhanpeng, executive director ofDentons Biochemicals, said that the overall gross margin fell to 22% from 28% in the same period last year due to a 10% increase in the cost of millet and rice costs over last year, while the gross margin of upstream products also decreased by 45% compared with the same period last yearBut he believes the price of lysine will rise steadily in the second half of the year, with overall gross margin flat from last yearKong Pointed pointed out that the company's production capacity of lysine is 280,000 tons, and this year's actual sales of about 23 to 240,000 tons, the expected second half of the export volume of about 50,000 tons, so there is still room for improvementAs for the limited space for the rising cost of millet in the future, it will have little impact
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