China's Shandong Lubei Chemical 2011 net profit up 77.5%

09 March 2012 08:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Lubei Chemical on Friday posted a 77.5% year-on-year rise in its net profit for the full year 2011 to yuan (CNY) 27.86m ($4.42m), mainly because of a rise in its sales of compound fertilizer, caustic soda, sulphuric acid and other chemical products.

The company’s sales for the full year 2011 increased by 79% to CNY810.2m, compared with the same period a year earlier, Shandong Lubei Chemical Co said in a filing to the Shanghai Stock Exchange.

($1 = CNY6.31)

By: Rachel Yang

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