February 2, 2012

Sichuan Lutianhua makes income from loss

Sichuan Lutianhua Co Ltd, a fertiliser manufacturer, forecast that it made loss into a net profit of RMB15-30 million (US$2.38-$4.76 million) in 2011, with earnings per share standing at RMB0.03-0.05 (US$0.0048-$0.0079).

Sichuan Lutianhua is engaged in the production and sale of fertilisers, chemical industrial raw materials and daily use chemicals.

The company said the growth in earnings is due to strong sales of chemical fertilisers and a hike in sales value in the reporting period.