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  The BEFAR Group achieved well in 2017 and ready for 2018

2018-3-14

   

    BEFAR Group has been released the annual report of 2017. The report shows that in 2017, the company achieved revenue of 6.465 billion, and an increase of 32.96% compared with the same period last year, and the net profit of the shareholders who belong to the listed company was 826 million, an increase of 130.14% over the same period last year.

    The net profit of the company increased greatly, mainly due to the sharp rise in the price of the main products represented by caustic soda. In 2017, the annual average price of propylene epoxide was 9081 Yuan (excluding tax, the same below), an increase of 17.76% compared with the same period last year. The average price of caustic soda was 3381 Yuan, up 58.29% compared to the same period last year. And the average price of trichloroethylene was 4480 Yuan, up 1.85% over the same period last year. During the reporting period, the gross profit margin of the three products reached 15.68%, 57.94% and 5.84% respectively. Among them, the gross profit margin of caustic soda increased by 16.58 PCT., and the gross profit rate of propylene oxide and trichloroethylene decreased by 2.06 and 9.89 PCT. respectively. The rise in the price of caustic soda has become the core driving force to guide company for a substantial increase in 2017.

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