April 28, 2012
China's Luxi Chemical gains US$67.11 million for 2011
Luxi Chemical Group Co Ltd, a Shandong-based fertiliserand chemical products supplier, stated in its annual report a net profit surge in 2011 of 99.89% on-year to RMB423 million (US$67.11 million).
Meanwhile its revenue totalled RMB9.32 billion (US$1.48 billion), up 21.22% on-year.
In the first quarter of 2012 the company achieved RMB 2.9 billion (US$0.46 billion) in revenue and RMB90.83 million (US$14.41 million) in net profit, up 20.36% and 22.55% on-year, respectively.
It plans to distribute a cash dividend of RMB1 (US$0.16) (including tax) for every 10 shares.