Profits Drop for Richful, Lopal


Profits Drop for Richful, Lopal

China’s Jiangsu Lopal Tech Co. and Richful Lube Additive Co. both reported drops in net profit for the third quarter, although year-to-date profits through three quarters were up for each company.

Richful’s net profit for the third quarter dropped 45.3% to ¥31.6 million (U.S. $5 million), but its year-to-date net profit through the first three quarters edged up 5% to ¥135.6 million.

Get alerts when new Sustainability Blog articles are available.


Third-quarter operating income for the company fell 25% to ¥189.7 million, while year-to-date operating income during the first three quarters rose 11% to ¥675.7 million.

Based in Xinxiang, Henan province, Richful operates a factory there with capacity to manufacture about 100,000 metric tons per year of additive components and 15,000 t/y of packages.

Lopal Tech Co.

Lubricant manufacturer Lopal Tech reported that its net profit in the third quarter decreased 12% to ¥46.7 million, while its year-to-date net profit through three quarters reached ¥194.2 million, a sharp 35% increase.

Operating income for Lopal jumped 89% to ¥1 billion in the third quarter, and year-to-date through three quarters by 69% to ¥2.3 billion.

The company reported that for the first nine months of this year, operating income for its lubricants business segment – its largest operating segment – totaled 646.3 million.

The company markets engine oils and gear oils under its Lopal brand and car care products, like coolants, under the 3ECARE brand.

Related Topics

Additives    Asia    Business    China    Earnings    Finished Lubricants    Market Topics    Region