Letong Chemical Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
February 26, 2021 at 01:11 pm
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Letong Chemical Co.,LTD announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 314.563 million compared to CNY 383.055 million a year ago. Operating income was CNY 13.788 million compared to operating loss of CNY 275.700 million a year ago. Net income was CNY 7.309 million compared to net loss of CNY 291.491 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to basic loss per share from continuing operations of CNY 1.46 a year ago.
Letong Chemical Co., LTD is principally engaged in the development, production and distribution of ink products. The Company primarily provides gravure ink, including label ink, composite ink and polyvinyl chloride (PVC) ink; special ink; flexographic ink; screen printing ink; offset printing ink and others. The Companyâs ink products can be applied in food packaging, cigarette packaging, wine packaging and other fields. The Company is also engaged in Internet advertising marketing business. The Company distributes its products in domestic market and to overseas markets.