News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Syngenta, Seeking Hong Kong Listing, Reports 13% Increase in EBITDA Last Year
Syngenta, the Swiss agricultural giant under China National Chemical Corporation (ChemChina), reported a 13% year-on-year increase in EBITDA to approximately USD4.4 billion last ye...
Reset
Send
The window will close in 5 seconds
Syngenta, Seeking Hong Kong Listing, Reports 13% Increase in EBITDA Last Year
Close
Recommend
5
Positive
1
Negative
3
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

Syngenta, the Swiss agricultural giant under China National Chemical Corporation (ChemChina), reported a 13% year-on-year increase in EBITDA to approximately USD4.4 billion last year. After exiting the low-margin grain trading business, sales decreased by 1% to USD28.4 billion.

ChemChina acquired Syngenta in 2017, and the latter is currently seeking a listing in Hong Kong. Since the outbreak of the Iran conflict at the end of February, Asian pesticide prices have risen by over 10%, which may further boost Syngenta's profits. The company's crop protection division contributes nearly half of its sales. Prior to the earnings announcement, Bloomberg estimated Syngenta's IPO valuation to be between USD42 billion and USD56 billion.

The company announced that Nelson Jiang has been appointed as the new Chief Financial Officer, while the former CFO, Hengde Qin, will transition to the role of Chief Operating Officer (COO). (da/u)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.