In the first months of the year, there was a lack of DAP fertilizer, pushing the selling price up. DAP Dinh Vu price in early April recorded a price of 550,000 – 570,000 VND / bag, an increase of 12% compared to the beginning of the year. This can positively affect DAP Vinachem’s business results in 2021.
The Board of Directors said that they will follow the market movement, flexibly adjust prices and have a reasonable consumption policy to increase consumption output, ensure production and business efficiency.
DAP Dinh Vu fertilizer price increased 12% from the beginning of the year.
In 2020, the business will record revenue of 1,891 billion dong, up 15% and implementing 95% of the year plan. Profit is 28 billion, strongly improved compared with the loss of 3 billion in the previous year and fulfilled 72% of the year plan.
The enterprise said that in the first months of 2020, production load had to be reduced due to the outbreak of Covid-19 and large inventory. The world and domestic fertilizer prices dropped to low levels. In the first 8 months of the year, enterprises had to sell below cost, sometimes only approximate variable costs. The situation improved in the last quarter of the year, helping DAP Vinachem to make profit but still did not complete the year plan.
Source: ndh.vn – Translated by fintel.vn