Sinofert Expects Higher Profit in 2024

MT Newswires Live

2025/01/29

Fertilizer company Sinofert (HKG:0297) expects a profit attributable to the owners of about 1.01 billion yuan to 1.11 billion yuan in 2024, compared with 626 million yuan from the corresponding period of the previous year, according to a Monday filing with the Hong Kong Bourse.

The company attributed the increased profit to the group's growth driven by "Bio+" strategy, innovation, improved supply chain, and operational enhancements, boosting bio-fertilizer production, sales, quality, and efficiency.

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