ZHENJIANG, China, Jan. 19, 2017 /PRNewswire/ -- Delta Technology
Holdings Limited (NASDAQ: DELT) today provided investors
unaudited sales figures of four main products for the fourth
quarter (calendar quarter) of 2016, ending 31 December. Highlights
include:
1. Delta Technology sold 133.30% more products in Q4 2016 than
in Q4 2015.
2. The revenue of these products increased 139.55%.
3. Unit prices of these products also increased significantly in
Q4 2016.
"Delta Technology is determined to provide higher quality
products and to focus our priority resources on higher value-added
products and clients. This policy is leading the Company to
increased revenue compared to 2015, said Company CEO Mr.
Xin Chao.
Mr. Xin Chao also stressed the
sales of the organic compound para-chlorotoluene (PCT) have
increased dramatically as the Company has executed a contract with
Guangzhou Lonkey Industrial Co., Ltd., a listed company in Shenzhen
Stock Exchange (stock ticker:000523).
The figures are as follows:
|
Sales,
tones
|
Revenue,
USD
|
|
Q4 2015
|
Q4 2016
|
Increase %
|
Q4 2015
|
Q4 2016
|
Increase %
|
Total
|
5,663
|
13,212
|
133.30%
|
8,571,861.92
|
20,533,998.92
|
139.55%
|
p-Chlorotoluene
|
2,262
|
9,604
|
324.58%
|
2,639,214.07
|
13,909,938.39
|
427.05%
|
O-Chlorotoluene
|
2,160
|
2,449
|
13.38%
|
2,856,564.15
|
3,137,428.18
|
9.83%
|
p-Chlorobenzaldehyde
|
301
|
499
|
65.78%
|
795,954.74
|
1,683,469.34
|
111.50%
|
O-chlorobenzenecarboxyaldehyde
|
940
|
660
|
-29.79%
|
2,280,128.96
|
1,803,163.01
|
-20.92%
|
Note: the currency exchange rate is calculated at
USD:RMB=1:6.85, this may be various in audit.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology Holdings Ltd. is a leading
China-based fine and specialty
chemical company producing and distributing organic compound
including para-chlorotoluene ("PCT"), ortho-chlorotoluene ("OCT"),
PCT/OCT downstream products, unsaturated polyester resin ("UPR"),
maleic acid ("MA") and other by-product chemicals. The end
application markets of the Company's products include Automotive,
Pharmaceutical, Agrochemical, Dye & Pigments, Aerospace,
Ceramics, Coating-Printing, Clean Energy and Food Additives. Delta
has approximately 300 employees, 25% of whom are highly-qualified
experts and technical personnel. The Company serves more than 380
clients in various industries.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in DELT's periodic reports under the
Securities Exchange Act of 1934, as amended, or in connection with
any forward-looking statements that may be made by DELT.
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SOURCE Delta Technology Holdings Limited