Befar Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 05:27 am EDT
Share
Befar Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,241.71 million compared to CNY 2,118.99 million a year ago. Revenue was CNY 2,241.71 million compared to CNY 2,118.99 million a year ago. Net income was CNY 370.3 million compared to CNY 494.18 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.26 a year ago.
Befar Group Co., Ltd. is a China-based company principally engaged in the production, processing and sales of chemical products. The Company's main products include caustic soda, propylene oxide, dichloropropane solvent, trichlorethylene, additives, fly ash bricks, raw salt and woven bags, among others. The Company's products are mainly used in light industry, chemical, textile, pharmaceutical, metallurgical and petroleum industries. The Company is also involved in the production and sales of electricity and steam through its subsidiaries. The Company mainly sells its products in domestic and overseas markets.