China’s Lutianhua expects to swing to CNY60m-90m H1 net profit

24 July 2012 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--Sichuan Lutianhua Co said on Tuesday it expects to post a first-half 2012 net profit of yuan (CNY) 60m-90m ($9m-14m), reversing a loss incurred in the same period last year, partly on improved demand for fertilizers.

The company’s actual financial results for January-June 2012 will be released in August, the company said in a statement.

In the first half of 2011, Sichuan Lutianhua incurred a net loss of CNY26.9m, it said.

Sichuan Lutianhua is a major fertilizer producer in southwestern China. It also produces methanol and derivative products.

($1 = CNY6.39)

By: Dolly Wu
+65 6780 4359

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