Sinofert's Nine-Month Profit Jumps 3%

MT Newswires Live

2024/10/25

Sinofert (HKG:0297) recorded a 3% year-over-year rise in net profit to nearly 1.29 billion yuan in the nine months ended Sept. 30, a Friday bourse filing said.

The Chinese fertilizer company's turnover for the three-quarter period was roughly 18.2 billion yuan.

The company attributed the rise in profit mainly to its continued "Bio+" strategic transformation leading to increased sales and a boost in efficiency.

Shares of the company closed nearly 2% higher on Friday.

Price (HKD): $1.19, Change: $+0.020, Percent Change: +1.71%

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