LTG [NOT RATED] - Earnings to improve thanks to effective restructuring - Company Report
  • 2021-02-09T14:59:10
  • Company Research
Loc Troi Group (UPCoM: LTG) is one of the leading agricultural product manufacturers and service suppliers in Vietnam. The company has 11%-20% market share in the crop protection chemical (CPC) and seed market. By business activity, CPC is the largest gross profit contributor (84% of 2019 gross profit), followed by seeds (11%), rice (2%), packaging (2%) and construction & others (2%). In 2019, LTG established a comprehensive restructuring program that later resulted in 12.5% YoY 2020 NPAT-MI