Kingdomway 's full-year net profit fell 34 percent from a year earlier to $451 million
date：2020-04-17
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Keyword： Kingdomway， $451 million
On April 15, Kingdomway (002626) released its 2019 annual report, with the revenue reaching 3.992 billion yuan, up 11.11% year-on-year. The net profit attributable to shareholders of listed companies was 450 million yuan, down 34.42% year-on-year.
At the same time, Kingdomway expects the net profit range from January to March of this year to be 170 million yuan to 236 million yuan, up by 30% to 80% compared with the same period of last year.
Regarding the reason for the change of performance in the first quarter of 2020, the company says: the price increase of vitamin and coenzyme Q10 ingredients products leads to the year-on-year increase of the net profit attributable to shareholders of the listed company in the reporting period.
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