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    Home > Biochemistry News > Amino Acids Research > Plum Bio's net profit for the first quarter increased by 37.84% YoY

    Plum Bio's net profit for the first quarter increased by 37.84% YoY

    • Last Update: 2020-07-30
    • Source: Internet
    • Author: User
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    On April 30, Meihua Bio released its first quarter 2019 report and business data announcement, showing that during the reporting period, the company achieved operating income of 3.338 billion yuan, an increase of 4.11% YoY, and net profit attributable to shareholders of listed companies was RMB342 million, an increase of 37.84% YoY.

    the reporting period MSG and THE MARKET price of MSG nucleotide disodium continued to maintain a high level, an increase over the same period last year, in the smoothing of the price of sucone, lysine and other feed products on the basis of the adverse impact on profits, further to the company's profit growth.

    in addition, the Government subsidies received by the Company during the reporting period also increased compared to the same period last year.

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