Andisu: 2018 net profit expected to fall 31% year-on-year
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Last Update: 2020-06-27
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Source: Internet
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Author: User
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recently Andesu (600299) disclosed the 2018 annual results, expected to achieve operating income of 11.42 billion yuan, up 10% YoY, to achieve a net profit attributable to shareholders of listed companies 910 million yuan, down 31% YoYr4
For revenue growth, the company said it benefited from steady sales of liquid methionine, an important contribution to performance in the context of market supply fluctuations, and a 31% rapid growth in specialty products, while net profit fell in 2018 due to continued investment in research and development, sales and marketing in its specialty business, as well as increased depreciation and amortization costs and adverse foreign exchange factorsr4
Mr Andesu said the key financial data for 2018 contained in the announcement were preliminary accounting data that may differ from those disclosed in the Company's 2018 annual report, but that the difference is not expected to exceed 10%, and the final financial data will be based on the Company's officially disclosed 2018 Annual ReportR4 Recently Andy Su (600299) disclosed the 2018 annual results, expected to achieve operating income of 11.42 billion yuan, up 10% YoY, to achieve a net profit attributable to shareholders of listed companies 910 million yuan, down 31% YoYr4
For revenue growth, the company said it benefited from steady sales of liquid methionine, an important contribution to performance in the context of market supply fluctuations, and a 31% rapid growth in specialty products, while net profit fell in 2018 due to continued investment in research and development, sales and marketing in its specialty business, as well as increased depreciation and amortization costs and adverse foreign exchange factorsr4
Mr Andesu said the key financial data for 2018 contained in the announcement were preliminary accounting data that may differ from those disclosed in the Company's 2018 annual report, but that the difference is not expected to exceed 10%, and the final financial data will be based on the Company's officially disclosed 2018 Annual ReportrR4
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