Urea Ammonium Nitrate Solution Sales Make Great Profits

Utilizing the nitrogen fertilizer and industrial gas supplier LSB Industry Group, the US fertilizer giant recently announced that last year sales of urea ammonium nitrate solution (UAN) made huge profits, and the Group’s fourth-quarter and full-year results were the best in history. It is reported that in the fourth quarter of 2011, sales of LSB's chemical business reached US$142 million, an increase of 46% from US$97.3 million in the same period of 2010; sales of agricultural products reached US$27 million; sales of mining and industrial products reached 13.1 million, respectively. USD and 4.9 million USD. The annual net sales were 805.3 million U.S. dollars, 32% higher than in 2010; the revenue was 136.4 million U.S. dollars, an increase of 144% from the 55.9 million U.S. dollars in 2010. The chairman of LSB stated: “2011 was the best sales year for the Group. At the same time, our chemical business segment also made progress in 2011. At the same time we achieved these results, we further optimized our balance sheet and reduced long-term growth. Debt, increase net assets, improve cash status."

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