The financial report recently released by the European Chemical Company shows that due to the effectiveness of structural adjustment, the company’s net profit last year was US$1.09 billion, an increase of 60% year-on-year. In addition, total revenue was US$4.41 billion, an increase of 34% year-on-year; pre-tax profit was US$1.67 billion, an increase of 66% year-on-year; profit margin in 2011 was 38%, an increase of 7% year-on-year. The company revealed that its record-setting outstanding performance last year was due to the optimization of product structure and strong market prices in recent years. The company's total sales of nitrogen fertilizers and phosphate fertilizers were 8.03 million tons, a decrease of about 1% year-on-year. Although the total amount has declined, the proportion of sales of high-margin products has increased substantially and profitability has increased. The large-grain urea with an average ton price increase of US$18 was sold last year at 919,000 tons, an increase of 32%. Qingdao SUBA CNC Technology Co., Ltd , https://www.cncrouter-china.com
European chemical urea sales increased 32% last year