Fertiliser firm earns $26m in 2013 profits

Monday, Dec 30, 2013 09:00

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PHU THO (Biz Hub) — Lam Thao Fertilisers and Chemicals Joint Stock Co earned about VND5.17 trillion (US$246.19 million) in revenues in 2013, up 3.65 per cent over 2012, company general director Nguyen Duy Khuyen announced late last week.

Profits reached VND555 billion ($26.43 million) in 2013, nearly 28 per cent higher than the annual target.

Khuyen said challenges facing the company included low market demand, falling prices, poor weather and stiff competition from imported products. The company will speed investments to improve product quality and expand into foreign markets.

The company was previously known as Super Phosphate Lam Thao Plant.—VNS

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