2015 company earning report

MIDI FEED BIOTECH LIMITED released the 2015 earnings pre-increase announcement, and the performance was in line with expectations.
In 2015 it is expected to achieve a year-on-year increase in net profit attributable to the parent company, and the performance is in line with expectations.
The main reasons for the year-on-year increase in net profit in a single quarter in 4Q15 were: 

•  Prices of phosphate fertilizers, phosphate rock, yellow phosphorus, urea, polyoxymethylene, calcium feed and other products all increased year-on-year; 

•  Mineralization integration, coal, sulfur and other strategies Centralized procurement effectively alleviates the impact of rising bulk raw materials; 

•  Strengthens capital management and overall planning, improves capital use efficiency, and further reduces financial expenses and negative asset ratios. 

The quarter-on-quarter decline in 4Q15 was mainly due to ：

• the sharp rise in the prices of raw material sulfur and coal;

• the normal maintenance of some fertilizer plants.