Sinofert Holdings Ltd., Hong Kong, together with its subsidiaries (the group), reported a 29% increase in profit attributable to owners of the group to Rmb1.12 billion (approximately $162.6 million at current exchange rates) on revenue of Rmb23.0 billion for the 12 months to Dec. 31, 2022, according to a company earnings statement.
Basic earnings per share were 29% higher on the year, at Rmb0.159.
Gross profit rose 31% year-on-year to Rmb2.58 billion. Revenues were up 1.2% over the year-ago.
Sinofert said it sold a total of 1.47 million mt of fertilizer products in 2022, an increase of 31% over the previous year. Compound fertilizer sales volumes grew 34% to 1.21 million mt. The group also highlighted sales volumes of “a new type” of phosphate fertilizer increased 67% year-over-year to 200,000 mt, while its sales volumes of “bio-fertilizers” increased by 73% increase on a year-ago, reaching 600,000 mt.