Delta Technology Holdings Sales Up Significantly in Q4 2016
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.
SOURCE Delta Technology Holdings Limited
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