Chinese PU leather maker Anli turns increased profit in 2018

摘要

Hefei,Anhui-Anli,a PU leather maker in China,expects at least CNY19m($2.8m)net profit in 2018,compared with CNY17m net loss in 2017. Revenue in 2018 increased by 12.5% from 2017 to CNY1.7bn,the company said in an announcement. Sales volume of synthetic PU leather grew by 10% year on year to nearly 6,700 km. Average selling prices were up by 6% from 2017,thanks to an adjustment in its portfolio that means it now includes more,high value-added products,the announcement said.