HANOI: Fertiliser companies reported profit up by five to 10 times in the first quarter of this year compared to the same period in 2021, mainly due to the strong increase in average selling prices.
Duc Giang Chemicals Group (DGC) achieved profit of 1.5 trillion dong (US$65.5mil or RM278.7mil) in the first quarter of this year, 7.1% higher than the figure of 1.4 trillion dong (RM260mil) recorded in the fourth quarter of 2021 and more than five times higher than the same period last year, at 292 billlion dong (RM54.2mil).
