Hansen announced the total revenue in the first ha

2022-06-22
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Hansen released the second quarter report of 2020: the total revenue in the first half of the year reached US $1.45 billion

Hansen released the second quarter report of 2020: the total revenue in the first half of the year reached US $1.45 billion

august 24, 2020

recently, Hansen announced its second quarter performance in the first quarter of 2020 when the temperature was too high. Let's have a look at the specific revenue

the total net sales for the quarter ended June 30, 2020 was US $628million, down 30% from US $892million in the same period last year. Driven by the global economic impact of covid-19 in various industries and markets, the decline in sales in the second quarter of 2020 was the main reason for the decline in net sales. The decrease in sales had a negative impact on net sales of $206million, mainly due to the decline in sales of the company's North American resin business due to weak demand, and the decline in the epoxy resin and phenolic resin business due to the overall weakness in the automotive and construction markets

"despite the shrinking market caused by the coronavirus pandemic, our sales volume and EBITDA increased steadily every month in the quarter," said George knight, CEO and chief financial officer of Dali, the largest consumer of natural rubber and synthetic rubber in China as the basic component of the tensile machine industry. "In addition to the negative factors brought about by covid-19 driving the decline in sales, we also experienced a temporary manufacturing interruption in the Pernis plant. In our coatings and composites sector, the special epoxy resin business reflects the continuous positive demand for wind energy, and most of the year-on-year decline is mainly due to the basic epoxy resin business

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